EUR/USD
Rally from 1.3774, 12 Oct low, stalled at 1.4156 last Friday, ahead of reversal. Over 61.8% of 1.3774/1.4156 upleg has been retraced so far. Near-term studies are now negative, though, holding above 1.3774 keeps short-term bulls in play, with higher low required above the latter, for fresh attempt towards 1.4156.
Res: 1.3936, 1.3991, 1.4008, 1.4046
Sup: 1.3854, 1.3836, 1.3795, 1.3774
GBP/USD
Strong reversal followed last Friday’s spike high at 1.6105. Market is now testing 1.5888, 61.8% of 1.5754/1.6105 ascend, with break here to open way towards 1.5804/1.5793, 13 Oct low/trendline connecting 1.5668/1.5754 key supports, next. Higher low above 1.5754, however, would keep short-term bulls for fresh strength, while loss here would signal further weakness towards 1.5668.
Res: 1.5950, 1.6002, 1.6032, 1.6057
Sup: 1.5888, 1.5870, 1.5804, 1.5793
USD/JPY
Undergoes near-term consolidation above 80.88, 14/15 Oct yearly lows, ahead of possible fresh weakness to test 79.75, 1995 historical low. Immediate resistance lies at 81.47/66, while regain of 82.00/34 needed to ease bear pressure.
Res: 81.47, 81.66, 81.83, 82.00
Sup: 80.88, 80.50, 80.00, 79.75
USD/CHF
Extended weakness off 0.9726/0.9640 to post fresh low at 0.9461, ahead of bounce. Market has so far tested the first barrier at 0.9640, though regain of 0.9726 is required to open further recovery. Early upside rejection, however, risk fresh weakness at retest of 0.9461.
Res: 0.9640, 0.9726, 0.9661, 0.9700
Sup: 0.9567, 0.9536, 0.9509, 0.9483
Rally from 1.3774, 12 Oct low, stalled at 1.4156 last Friday, ahead of reversal. Over 61.8% of 1.3774/1.4156 upleg has been retraced so far. Near-term studies are now negative, though, holding above 1.3774 keeps short-term bulls in play, with higher low required above the latter, for fresh attempt towards 1.4156.
Res: 1.3936, 1.3991, 1.4008, 1.4046
Sup: 1.3854, 1.3836, 1.3795, 1.3774
GBP/USD
Strong reversal followed last Friday’s spike high at 1.6105. Market is now testing 1.5888, 61.8% of 1.5754/1.6105 ascend, with break here to open way towards 1.5804/1.5793, 13 Oct low/trendline connecting 1.5668/1.5754 key supports, next. Higher low above 1.5754, however, would keep short-term bulls for fresh strength, while loss here would signal further weakness towards 1.5668.
Res: 1.5950, 1.6002, 1.6032, 1.6057
Sup: 1.5888, 1.5870, 1.5804, 1.5793
USD/JPY
Undergoes near-term consolidation above 80.88, 14/15 Oct yearly lows, ahead of possible fresh weakness to test 79.75, 1995 historical low. Immediate resistance lies at 81.47/66, while regain of 82.00/34 needed to ease bear pressure.
Res: 81.47, 81.66, 81.83, 82.00
Sup: 80.88, 80.50, 80.00, 79.75
USD/CHF
Extended weakness off 0.9726/0.9640 to post fresh low at 0.9461, ahead of bounce. Market has so far tested the first barrier at 0.9640, though regain of 0.9726 is required to open further recovery. Early upside rejection, however, risk fresh weakness at retest of 0.9461.
Res: 0.9640, 0.9726, 0.9661, 0.9700
Sup: 0.9567, 0.9536, 0.9509, 0.9483