EUR/USD

Undergoes consolidation mode following yesterday’s upside rejection at 1.3156, just under 1.3186, trendline resistance. Correction has reached 1.3018 low and this now marks an initial support, as triangle is forming. Upside break will open 1.3156 for retest and above here to expose 1.3186/1.3227. Loss of 1.3020, however, would warn of fresh weakness and risk 1.2975/50 instead.


Res: 1.3095, 1.3120, 1.3156, 1.3186
Sup: 1.3020, 1.2975, 1.2955, 1.2920





GBP/USD

Extends correction off 1.5728, 17 Sep high, breaking below 1.5535/11, 16/20 Sep lows/50%retracement of 1.5295/1.5728 upleg. This opens way for further retracement, and opens 1.5461, 61.8% level.


Res: 1.5595, 1.5621, 1.5652, 1.5684
Sup: 1.5480, 1.5461, 1.5449, 1.5389





USD/JPY

Moving lower off congestive tops at 85.90 zone, with break below yesterday’s spike low at 85.50 exposing risk towards 85.21. Loss of the latter would weaken the structure, while regain of 85.80/92 will hint fresh gains and expose 86.38 next.

Res: 85.80, 85.92, 86.38, 86.89
Sup: 85.21, 85.00, 84.72, 84.50





USD/CHF

Continues to trend lower following reversal off 1.0181, and upside rejection at 1.0116, with more than 61.8% being retraced so far, at 1.0019. This confirms a negative near-term structure for retest of 0.9998/31. Only regain of 1.0116 would ease the bear pressure.

Res: 1.0073, 1.0086, 1.0116, 1.0149
Sup: 0.9998, 0.9965, 0.9931, 0.9916