EUR/USD

The pair regains the strength, following last Friday’s initial test of strong 1.2800 barrier and subsequent sell-off that drove the price below 1.2700 mark. Fresh gains into 1.2770 zone, keep the near-term structure positive. However, reclaim of very important 1.2800 barrier that marks 200 day MA and double-top neckline, is seen required to resume near-term recovery off 1.2660, 13 Nov low and open another significant barriers at 1.2880/1.2900 zone, 26/29 Oct lows / daily Ichimoku cloud top / 50% of 1.3138/1.2060 descend. Immediate support lies at 1.2750 zone, while violation of 1.2700 and last Friday’s low at 1.2689, would revive bears. Overall bearish tone still dominates on a larger picture.

Res: 1.2772, 1.2783, 1.2800, 1.2808
Sup: 1.2755, 1.2740, 1.2720, 1.2700

eurusd



GBP/USD

Bounce above 1.5900, averts immediate risk of testing 1.5800 support and extension of larger downtrend from 1.6308. With overnight gains being capped at 38.2% of 1.6018/1.5826 and daily Ichimoku cloud base, pullback on overbought hourlies is, for now, seen as corrective, with 1.5900 being tested so far. Next good supports lie at 1.5880/70 zone, where dips should ideally reverse. With fresh bullish momentum emerging, focus is at 1.5960, previous lows and 1.5978, Fib 38.2% of 1.6174/1.5826. Conversely, downside risk would be increased in case of penetration of 1.5840, 200 day MA and 1.5826, 15 Nov low.

Res: 1.5922, 1.5955, 1.5978, 1.6000
Sup: 1.5892, 1.5880, 1.5870, 1.5840

gbpusd


USD/JPY

Near-term bulls remain in play, as the pair posts fresh high at 81.58 overnight, surpassing previous high and Fib 61.8% of 84.17/77.12 descend at 81.45. Stronger corrective action cannot be ruled out, as RSI/MACD bearish divergence appears on hourly chart and 4h indicators are in overbought territory. Initial support at 81.00, round figure is reinforced by 55 day EMA, ahead of 80.67, previous peak and Fib 38.2%, where any deeper dips should be contained. Break above 81.58 to focus 82.00, figure resistance and 82.20, mi May highs.

Res: 81.45, 81.58, 82.00, 82.20
Sup: 81.11, 81.00, 80.89, 80.67

usdjpy



USD/CHF

Overall bullish tone remains intact, as upside rejection at 0.9500 and subsequent pullback found ground at important 0.9400 support, where 200 day MA contained dips. However, as fresh gains failed to regain 0.9500 handle, softer near-term studies still see risk of possible retest of 0.9400, loss of which would trigger stronger correction of 0.9213/0.9511 upleg. Conversely, lift above last Friday’s high at 0.9489, would re-focus 0.9500/11 and improve near-term tone.

Res: 0.9462, 0.9489, 0.9500, 0.9511
Sup: 0.9435, 0.9400, 0.9380, 0.9365

usdchf