EUR/USD – 9:00 (GMT+2) Extended decline from 1.4867 22 Sep key lower top to reach 1.2329 2008 low - 28 Oct before rebounding to 1.3300 on 30 Oct. A sell off has reached 1.2665 and a minor hourly double dip here suggests a further upswing that could reach near 1.3200 trend-line off 14 Oct before underlying sellers attempt to reassert for 1.2558 & below. Above 1.3300 needed to turn near-term focus higher.
Res: 1.2901, 1.2933, 1.3007, 1.3050
Sup: 1.2732, 1.2665, 1.2625, 1.2558
USD/JPY – 9:00 (GMT+2) Declined from 110.67 15 Aug high to post a fresh 2008 low at 90.87 on 24 Oct. A corrective base then sparked a rebound to 99.79 on Wednesday ahead of dips to 96.08 and 96.35. Resist at 99.79 is now being pressured and above here wild pivot to 100.77 50% of 110.67/90.97 before underlying bears look to reassert. Immediate support at 98.20. Below remote 96.08/35 confirms bear resumption.
Res: 99.79, 100.22, 100.57, 100.77
Sup: 97.98, 97.77, 97.40, 97.23
GBP/USD – 9:00 (GMT+2) The recovery from the 6-year low at 1.5260 24 Oct 2008 is prone to leaving a lower top vs 1.7518/1.7632 20/14 Oct highs while sustained trading under last Thursday's 1.6675 swing high gives credence to 14-day RSI negative reversal warning of selldown to projected 1.4605 region. However, a fresh upleg off 1.5968/1.5800 suggests further headway to 1.6781/1.6926 (10/13 Oct lows).
Res: 1.6398, 1.6430, 1.6499, 1.6511
Sup: 1.6210, 1.6170, 1.6118, 1.6098
USD/CHF – 9:00 (GMT+2) Extended upleg off 1.0690 22 Sep low to reach 1.1748 on 24 Oct. A corrective dip followed to 1.1200 last Thursday ahead of a lower rejection. 1.1688 seen Fri before current minor ease. A near-term bull consolidation now developing and a higher low is now sought above 1.1358/1.1400 for fresh attempts on 1.1688/1.1748, where an eventual break is anticipated. Only below 1.1200 questions.
Res: 1.1582, 1.1634, 1.1710, 1.1748
Sup: 1.1400, 1.1335, 1.1320, 1.1277
