EUR/USD

The Euro approaches moth’s lows, as negative sentiment keeps bears in play. Fresh weakness off yesterday’s upside rejection at 1.2990, breached important 1.2900, figure / trendline support and reached levels close key support zone at 1.2820, 200 day MA and 1.2800, figure support, 01 Oct low. Negative studies on lower timeframes see test of 1.2820/00 favored, however, corrective action on overextended hourlies is not ruled out, with 1.2885/1.2900 barriers seen capping bounces. Only break above 1.2900 and bear-trendline at 1.2940, would improve near-term picture. On the downside, loss of 1.2800 handle is seen as a trigger for stronger correction of 1.2042/1.3170 ascend, with 1.2745, previous high and Fibonacci support, seen as next target.

Res: 1.2885, 1.2900, 1.2940, 1.2960
Sup: 1.2834, 1.2820, 1.2800, 1.2745

eurusd


GBP/USD

Near-term downtrend from 1.6308 peak remains unobstructed, as the pair accelerated losses through 1.6066 and broke below psychological 1.6000 support, also near Fib 61.8% of 1.5753/1.6308 upleg. Brief consolidation under the latter is seen preceding fresh weakness that would look for test of 1.5900 zone 23 Aug high / Fib 38.2% of 1.5267/1.6308 / daily 55 day MA. Corrective bounces face solid barriers at 1.6066, previous support / Fib 38.2% of 1.6216/1.5975 downleg and 1.6100, 50% retracement and only break here would delay bears in favor of stronger correction.

Res: 1.6000, 1.6045, 1.6066, 1.6100
Sup: 1.5975, 1.5958, 1.5910, 1.5900

gbpusd


USD/JPY

Negative tone continues to dominate in the near-term outlook, despite the pair started to move sideways. Range floor and strong support at78.00 holds the downside, while upside stays limited by descending 55 day EMA, approx 38.2% of 78.86/78.07 downleg at 78.40. Break here and above 78.60, to re-focus upper barriers at 78.86 and 79.00, ahead of key hurdles at 79.21/32. Otherwise, slide through pivotal 78.00, would spark fresh weakness and re-open 77.42 and 77.12 lows.

Res: 78.34, 78.40, 78.59, 78.75
Sup: 78.14, 78.07, 78.00, 77.78

usdjpy


USD/CHF

The pair cracks key resistance zone at 0.9400/36, 200 day MA / 01 Oct top, on its near-term rally from 0.9273, with 0.9430 seen so far and yesterday’s close at 0.9400. Clear break here is required to signal near-term base and allow for stronger recovery of larger 0.9970/0.9237 descend. With positive near-term studies, upside remains in focus, however, gains may be interrupted by corrective easing on overbought hourly studies, with ideal reversal seen at 0.9370 zone. Increased risk will be seen on downside extension below 0.9320, 08 Oct higher platform / near 61.8% of 0.9273/0.9430 upleg..

Res: 0.9430, 0.9436, 0.9461, 0.9500
Sup: 0.9395, 0.9383, 0.9370, 0.9350

usdchf