EUR/USD

Near-term price action remains congested within 1.3240/1.3285 band, after yesterday’s strong rally cleared strong 1.3232 barrier and extended gains close to next target at 1.3300. Further easing is not ruled out, as hourly studies are losing momentum, with immediate support zone at 1.3240/32 and Fibonacci 38.2% at 1.3200. Resumption of short-term uptrend focuses 1.3322, 90 day SMA, than 1.3400, figure resistance and 1.3425 Fib 50%.

Res: 1.3285, 1.3300, 1.3320, 1.3460
Sup: 1.3232, 1.3216, 1.3200, 1.3156

eurusd



GBP/USD

Initial attempt at strong barrier at 1.5935, 200 day SMA, as expected failed, with price action dipping under 1.5900 handle, losing 1.5880 support, to test the next one at 1.5860 so far. Loss of momentum on hourly chart, risks further correction towards 1.5850 and 1.5830, Fib 38.2% and 50% of two-legged rally from 1.5730 to 1.5926, before bulls re-assert, as wider picture remains positive. Clearance of 1.5935 to open psychological 1.6000 level for test.

Res: 1.5900, 1.5935, 1.6000, 1.6050
Sup: 1.5860, 1.5840, 1.5830, 1.5800

gbpusd


USD/JPY

Corrects the latest rally from 76.50 higher platform that briefly broke above our initial target at 77.10, 55 day SMA. Reversal under first supports at 77.00 and 76.80 is attempting to base at 76.70, 20 day SMA, ahead of key near-term support at 76.50, loss of which would be bearish.

Res: 77.00, 77.17, 77.28, 77.50
Sup: 76.70, 76.61, 76.50, 76.40

usdjpy


USD/CHF

The pair moves sideways, holding within very narrow range, just above strong support at 0.9100, following upside rejection at 0.9260 and subsequent reversal that tests past ten days range floor. Negative near-term structure keeps the downside vulnerable, with loss of 0.9100 to open Fibonacci level at 0.9075 and lower Bollinger band at 0.9000. Potential corrective attempts are seen limited by 20 day SMA at 0.9175 and 0.9200 zone for now.

Res: 0.9139, 0.9155, 0.9177, 0.9200
Sup: 0.9100, 0.9075, 0.9050, 0.9000

usdchf