EUR/USD

The Euro comes under renewed pressure, following brief consolidation above yesterday’s low at 1.2766, with previous strong support at 1.2800, keeping the upside limited for now. Negative near-term sentiment, sees the downside favored, with immediate focus at 1.2760/40 zone, channel support / 09/10 Sep lows / Fib 38.2% of 1.2042/1.3170 rally. Only bounce above 1.2840, yesterday’s high / 20 day EMA, would delay bears.

Res: 1.2800, 1.2825, 1.2841, 1.2862
Sup: 1.2766, 1.2760, 1.2740, 1.2700





GBP/USD

The pair holds within broader 1.5911/1.6174 range, with near-term tone turning negative after losing 1.6000 and 1.5974 supports. Losses have so far been contained at 1.5956, with corrective action seen on oversold conditions. Initial barrier lies at 1.6000, near 23.6% of 1.6175/1.5956, while only lift above 1.6030/40, 4h Ichimoku cloud base / Fib 38.2% would provide temporary relief and prevent the pair sliding towards 1.5911, key near-term support.

Res: 1.6000, 1.6038, 1.6066, 1.6075
Sup: 1.5969, 1.5956, 1.5935, 1.5911




USD/JPY

Near-term bulls are losing traction, as pullback from 80.67 peak, cracks important 80.00 support. With hourly studies in the negative territory, the downside remains vulnerable, as 4h indicators are pointing lower. Larger picture, from the other side, holds firm bullish tone, with near-term risk seen on a slide below 78.80, Fib 61.8% of 79.27/80.67 that may trigger retest of 79.50/27 supports. Conversely, regain of 80.40 zone, would shift focus higher again.

Res: 80.30, 80.37, 80.55, 80.67
Sup: 79.96, 79.80, 79.50, 79.27





USD/CHF

The pair consolidates the latest rally that broke above near-term range top at 0.9430 zone and posted fresh high at 0.9449. Overall bullish tone remains intact, however, overbought conditions on 4h studies and appearance of MACD bearish divergence on hourly chart, may signal further hesitation on the way towards 0.9500, round figure / Fibonacci barrier. Any reversal sees good support at 0.9400/0.9385, while only loss of the latter, would be a signal of stronger corrective action.

Res: 0.9449, 0.9461, 0.9500, 0.9523
Sup: 0.9428, 0.9400, 0.9385, 0.9374