EUR/USD

Maintains near-term negative tone after corrective attempt from this morning’s daily low at 1.3644 was capped under 1.3713, day’s high. Fresh weakness through 1.3644/35 lows is looking for test of 1.3590/55, 13/12 Sep lows, ahead of possible full retracement of 1.3500/1.3935 upleg. On the upside, 1.3700/50 zone offers strong resistance.

Res: 1.3673, 1.3705, 1.3713, 1.3752
Sup: 1.3600, 1.3590, 1.3557, 1.3500




GBP/USD

Continues to travel south after losses were interrupted by mild correction from 1.5683, overnight’s low. Gains were capped at 1.5750 zone, ahead of fresh leg lower. Loss of 1.5683 is now looking for test of 1.5650/00, as near-term studies point lower. Today’s high at 1.5755 is expected to cap.

Res: 1.5744, 1.5750, 1.5771, 1.5780
Sup: 1.5650, 1.5600, 1.5554, 1.5500




USD/JPY

Continues to move within narrow range after an upside failure to break above the range. The pair currently trades within 76.55/77.00 range, with 77.00 offering strong resistance for now. Near-term outlook is slightly turned higher, however, clear break above 77.00 is required to confirm and expose 77.27 next, above which 77.85 high comes next. Loss of 77.55 to weaken the tone and focus 77.40/30, possibly 75.93, record low, on a break.

Res: 76.97, 77.06, 77.27, 77.85
Sup: 76.55, 76.40, 76.30, 76.00





USD/CHF

Extends gains after overnight’s higher open, to break above 200 day MA and clear Fib 76.4% of 0.8926/0.8646 decline. This confirms positive near-term structure and opens way for test of the main bear-trendline at 0.8900 and previous high at 0.8926. Overbought hourly studies, however, warn of corrective pullback. Initial supports lie at 0.8830/00 zone.

Res :0.8877, 0.8900, 0.8926, 0.8950
Sup: 0.8792, 0.8770, 0.8744, 0.8723