EUR/USD
The pair got boosted by Spanish auction and Fitch comments of US credit rating and emerged above 1.2500 barrier. Clearance of initial resistance at 1.2534, where stops were triggered, cracked the next barrier at 1.2560, last Friday’s spike high. Improved hourly conditions revive hopes of fresh attack at significant 1.2600 barrier, with break above near-term 1.2433/1.2560 congestion, required to confirm. Previous barrier at 1.2534, now offers support and keeps the downside protected, as 20/55 day EMA’s bullish crossover at 1.2510 zone, underpins.
Res: 1.2588, 1.2600, 1.2620, 1.2650
Sup: 1.2534, 1.2512, 1.2500, 1.2464
GBP/USD
Cable bounces higher in a basing attempt from today’s low at 1.5753, just above 1.5740/30 breakpoint and trendline support as well as 200 day MA. Initial barrier at 1.5800 is cracked, with clear break here to expose 1.5830 zone, yesterday’s high / 50% of 1.5911/1.5753 and signal higher low, as part of one-month rally from 1.5489. However, to confirm near-term bullish stance and turn focus higher, regain of 1.5850, also Fib 61.8%, is required.
Res: 1.5813, 1.5830, 1.5850, 1.5868
Sup: 1.5775, 1.5766, 1.5753, 1.5740
USD/JPY
The pair remains under pressure, as bounce of day’s low at 78.50 failed to break above initial 20 day EMA barrier at 78.70, bringing the price back to 78.50 zone. Weak hourly studies, keeps the downside vulnerable, with loss of 78.50/27 supports to re-expose key short-term support and base at 78.00. Only regain of 78.80 would provide near-term relief, with clearance of 79.00 required to turn near-term focus higher.
Res: 78.70, 78.83, 78.96, 79.12
Sup: 78.44, 78.35, 78.27, 78.15 
USD/CHF
The near-term structure weakened, as reversal from today’s high at 0.9634, accelerated losses through 0.9590/80, trendline support / yesterday’s lows. Immediate focus turns towards last week’s low at 0.9537, with risk of extension of broader downtrend from 0.9970 peak, seen on a break lower, as 90 day EMA that underpinned near-term recovery action, is now lost.
Res: 0.9634, 0.9655, 0.9679, 0.9700
Sup: 0.9651, 0.9537, 0.9500, 0.9461 
