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EUR/USD

Yesterday’s repeated upside rejection at 1.2966, proves that this barrier is tough and the pair lacks momentum for push higher. With subsequent reversal and slide below 1.2900, confirming near-term range trading within 1.2800 and 1.2970, risk-off mode is being established again. Near-term studies remain weak, with the latest reversal retracing 50% of two-day 1.2800/1.2966 rally, focus comes on 1.2875/65 support zone, higher platform / Fib 61.8% / bull trendline, loss of which to possibly attract 200 day MA at 1.2820 and range floor at 1.2800.

Res: 1.2900, 1.2937, 1.2966, 1.2970
Sup: 1.2883, 1.2875, 1.2865, 1.2820





GBP/USD

The pair comes under increased pressure, as brief break above 1.6175 barrier failed to regain 1.6200 handle. Quick reversal and close below 1.6175, shifted near-term focus to the lower boundary of near-term range at 1.6100, with trendline support at 1.6125 being already lost. Break below 1.6100, also Fib 38.2% of 1.5769/1.6308 and 1.6074, 13 Sep low, to trigger fresh extension of corrective pullback from 1.6308, with 1.6035, 07 Sep high / 50% retracement and 1.6000, psychological level, expected to come in focus. Negative near-term studies remain supportive for such scenario.

Res: 1.6168, 1.6175, 1.6200, 1.6216
Sup: 1.6100, 1.6074, 1.6035, 1.6000




USD/JPY

The pair continues to post marginally higher highs and higher lows, marking the near-term uptrend off 77.42 low. With the latest high at 78.29 and yesterday’s close above 78.00 handle, positive sentiment keeps near-term focus at the upside. Immediate targets lie at 78.36, 21 Sep high / daily 55 day MA and 78.53, Fib 61.8%, break of which to open way towards key near-term barriers at 79.00/30 zone. Bullish 20/55 day EMA’s crossover at 78.00, underpins near-term action.

Res: 78.36, 78.53, 78.78, 79.00
Sup: 78.10, 78.00, 77.78, 77.68





USD/CHF

The pair regains ground, as the second leg of reversal from 0.9436, 01 Oct high, penetrated bull trendline and previous low at 0.9360/50, to find support at 0.9330, near-term higher base. As the bounce attempts at important 0.9387/0.9400 barrier and near-term indicators returning to the positive territory, focus turns higher. However, clear break and close above 0.9400 is required to re-attract 0.9436 barrier, for possible extension of near-term uptrend from 0.9237. On the downside, loss of important 0.9330 and 0.9300 supports will bring bears back in play.

Res: 0.9387, 0.9400, 0.9416, 0.9436
Sup: 0.9367, 0.9350, 0.9331, 0.9326