EUR/USD
Maintains positive near-term tone after yesterday’s upside rejection at 1.4010 found support at 1.3863. Fresh strength looks for test of 1.4000/10, trendline resistance/previous high, break of which would open 1.4080 and eventual attempt at key 1.4156, 15 Oct high.
Initial support lies at 1.3885, trendline support, and 1.3863, while loss of 1.3806 turns bearish.
Res: 1.4000, 1.4010, 1.4050, 1.4080
Sup: 1.3885, 1.3863, 1.3842, 1.3806
GBP/USD
Extends the latest strength from 1.5649/51 double bottom, to reach 1.6088, just below key near-term resistance at 1.6105. Sustained break here would signal resumption of the uptrend from 1.4230 and open 1.6177, then 1.6285, 29/22 Jan highs. Correction should be contained by 1.5895/1.5876 zone.
Res: 1.6088, 1.6105, 1.6177, 1.6230
Sup: 1.6006, 1.5989, 1.5976, 1.5952
USD/JPY
Trades in a narrow range above fresh annual at 80.24, after an upside rejection left a lower top at 81.59 yesterday. Further consolidation/correction is not ruled out, before next attempt lower, and below 80.24 to focus 79.75, 1995 extreme low. 80.78/85 offers immediate resistance, while regain of 81.59 would ease bear pressure.
Res: 80.85, 81.13, 81.59, 81.69
Sup: 80.45, 80.24. 80.00, 79.75
USD/CHF
Extended gains off 0.9461 after completion of bull flag broke above 0.9927 previous high, to reach 0.9969 so far. Reversal is under way and seen corrective while 0.9811 holds, and higher low above here to signal fresh strength. Loss of 0.9811/02, however, would signal stronger correction.
Res: 0.9908, 0.9927, 0.9969, 0.9983
Sup: 0.9811, 0.9802, 0.9765, 0.9743
Maintains positive near-term tone after yesterday’s upside rejection at 1.4010 found support at 1.3863. Fresh strength looks for test of 1.4000/10, trendline resistance/previous high, break of which would open 1.4080 and eventual attempt at key 1.4156, 15 Oct high.
Initial support lies at 1.3885, trendline support, and 1.3863, while loss of 1.3806 turns bearish.
Res: 1.4000, 1.4010, 1.4050, 1.4080
Sup: 1.3885, 1.3863, 1.3842, 1.3806
GBP/USD
Extends the latest strength from 1.5649/51 double bottom, to reach 1.6088, just below key near-term resistance at 1.6105. Sustained break here would signal resumption of the uptrend from 1.4230 and open 1.6177, then 1.6285, 29/22 Jan highs. Correction should be contained by 1.5895/1.5876 zone.
Res: 1.6088, 1.6105, 1.6177, 1.6230
Sup: 1.6006, 1.5989, 1.5976, 1.5952
USD/JPY
Trades in a narrow range above fresh annual at 80.24, after an upside rejection left a lower top at 81.59 yesterday. Further consolidation/correction is not ruled out, before next attempt lower, and below 80.24 to focus 79.75, 1995 extreme low. 80.78/85 offers immediate resistance, while regain of 81.59 would ease bear pressure.
Res: 80.85, 81.13, 81.59, 81.69
Sup: 80.45, 80.24. 80.00, 79.75
USD/CHF
Extended gains off 0.9461 after completion of bull flag broke above 0.9927 previous high, to reach 0.9969 so far. Reversal is under way and seen corrective while 0.9811 holds, and higher low above here to signal fresh strength. Loss of 0.9811/02, however, would signal stronger correction.
Res: 0.9908, 0.9927, 0.9969, 0.9983
Sup: 0.9811, 0.9802, 0.9765, 0.9743