EUR/USD

Extended gains to 1.3645 yesterday, ahead of easing. This has found support just ahead of 1.3554, 28 Sep low, where fresh strength has emerged. Clearance of 1.3645 to expose key 1.3690 barrier, break of which may open 1.3800 zone near-term. Downside, 1.3558/54 underpins advance and potential break lower would trigger a stronger correction to 1.3504.

Res: 1.3645, 1.3690, 1.3730, 1.3741
Sup: 1.3554, 1.3520, 1.3504, 1.3493





GBP/USD

Trades within 1.5849/1.5717 range, following the upside rejection at 1.5849. Fresh strength has cleared 1.5873, yesterdays’s high, and break above 1.5894 needed to resume gains for possible retest of key 1.5997 resistance. Failure to sustain gains, however, risks a lower top under 1.5997. Downside, 1.5717 is now key near-term support.

Res: 1.5894, 1.5910, 1.5997, 1.6027
Sup: 1.5809, 1.5775, 1.5761, 1.5740





USD/JPY

Maintains negative tone from 85.92/38, 17 Sep high/24 Sep lower high, with yesterday’s break below 83.55, 76.4% retracement of 82.86/85.92 upleg, now looking for retest of 82.86, year-to-day low. Potential break here to open way for further weakness and expose 81.77, May 1995 low. Upside, 83.80 expected to cap.

Res: 83.49, 83.80, 84.07, 84.33
Sup: 82.86, 82.30, 81.77, 81.31





USD/CHF

Continues to trend lower following an reversal from 1.0181, 17 Sep high. Market has far reached 0.9732, with 0.9700 and 0.9630, all-time low, now in sight. Upside, 0.9813/76, 29/28 Sep highs, now expected to hold any corrective attempts and only break above the latter would delay bears and allow stronger correction.

Res: 0.9792, 0.9813, 0.9844, 0.9876
Sup: 0.9732, 0.9700, 0.9630, 0.9600