EURUSD
Remains in a corrective mode, trading within 1.2778/1.3115 channel. Underlying structure is still negative, with loss of 1.2778 to trigger fresh weakness. Only break above 1.3115 improves the near-term outlook.
Res: 1.2990, 1.3007, 1.3071, 1.3098
Sup: 1.2830, 1.2810, 1.2778, 1.2747
GBPUSD
Cleared 1.4418, 38.2% retracement of 1.3500/1.4986, to find temporary support at 1.4347. Losing latter shifts focus to 1.4244, 50% retracement, first.
Res: 1.4568, 1.4590, 1.4635, 1.4702
Sup: 1.4323, 1.4275, 1.4243, 1.4185
USDJPY
Decline off 92.42 top approached 89.45, trendline support. Break below here will trigger an initial drop to test pivotal 88.59 level. Correction higher under way, with immediate cap at 90.58.
Res: 90.58, 90.97, 91.55, 91.79
Sup: 89.70, 89.45, 89.13, 88.83
USDCHF
Near-term structure remains positive and while 1.1485, trendline support holds, scope remains for an up-swing to 1.1843, 76.4% retracement of 1.2298/1.0370. Loss of 1.1485 would open 1.1401 instead.
Res: 1.1627, 1.1685, 1.1746, 1.1785
Sup: 1.1500, 1.1480, 1.1401, 1.1380
