EURUSD
Extended the decline from 1.6040, historical high, 1.4659, 15 Aug low, to reach 1.4631 yesterday, ahead of the latest rebound through 1.4768 lower top to test 1.47941.4807 area. Reversal is now seen, scope for 1.4709/1.4686 zone to contain, ahead of a recovery extension to 1.4826/40, possibly 1.4952/80 on a break.
Res: 1.4777, 1.4807, 1.4826, 1.4840
Sup: 1.4676, 1.4659, 1.4631, 1.4611
GBPUSD
Extended month-long decline from 2.0162, to reach 1.8510 low on 15 Aug, ahead of correction higher to 1.8723. Weakness from there left a higher low at 1.8538 yesterday, but fresh upside attempts have so far stalled at 1.8680/88, below 1.8723, 19 Aug high. However, hopes of a higher low forming above 1.8538 are now in doubt and failure to regain 1.8640/46 may trigger a fresh downside attack on 1.8510.
Res: 1.8646, 1.8673, 1.8695, 1.8723
Sup: 1.8538, 1.8510, 1.8500, 1.8484
USDJPY
Reached yearly low 95.77 on 17 Mar, from where a strong recovery has thus far met 108.59, 16 June high. A three legged retracement found renewed strength at 103.77 on 16 July, from where the recent upswing began. The latest lift above 108.59 targets 111.60, 17 Aug 07 low next and then 112.10, 02 Jan high. Loss of 108.35 defers, and below 103.77 changes the current bullish structure.
Res: 110.40, 110.66, 111.00, 111.30
Sup: 109.51, 109.33, 109.03, 108.55
USDCHF
Extended gains from 1.0011, 15 July low, through 1.1009, 15 Aug high, to reach 1.1033 yesterday, ahead of a reversal through 1.0955/45 and 1.0910 higher lows. This reached reached 1.0897 low today, ahead of the latest correction higher, attempting to test the 1.0981/1.1009 area, where a lower top has potential to form for a deeper retreat toward 1.0874/36, possibly 1.0779/42, if 1.0825 is cleared.
Res: 1.1009, 1.1034, 1.1048, 1.1065
Sup: 1.0932, 1.0910, 1.0895, 1.0874
