EUR/USD

Near-term price action is losing ground again, breaking below 1.2580 platform / Fibonacci support, as brief bounce higher failed to regain 1.2600, bear-trendline connecting 1.3282/1.2745 peaks. The pair tests 1.2562, 55 day EMA, below which to open 1.2548, 50% and strong 1.2520/00 support zone. With hourly studies in the negative territory and 4H chart indicators started to point lower, fresh leg lower, as a part of broader reversal off 1.2690, 29 June peak, would be likely scenario. The upside remains limited at 1.2700 zone, previous high and daily upper Bollinger, with break here required to re-attract 1.2745 double-top.

Res: 1.2575, 1.2600, 1.2613, 1.2642
Sup: 1.2562, 1.2548, 1.2515, 1.2500

GBP/USD

The near-term price action remains congested at 1.5700 zone, as yesterday’s spike higher failed to regain 1.5732/49 barriers. Hourly studies are losing traction, with initial support at 1.5650/40, coming under pressure. However, overall picture still keeps positive tone, but failure to clear 200 day MA at 1.5749 and 20 June peak at 1.5776, may result in fresh weakness that will be confirmed on a break below 1.5600 handle.

Res: 1.5700, 1.5712, 1.5721, 1.5732
Sup: 1.5656, 1.5640, 1.5630, 1.5600

USD/JPY

The pair continues to move higher, as near-term price action holds above bull trendline off 77.65, broken overnight. Test of 79.83, last barrier under 80.00, is underway. Positive hourly studies and break above the midlines of 4H chart indicators, suggests the final push towards important 80.00 level, also ceiling of short-term 79.00/80.00 congestion, is likely. Clear break to expose our next upside target at 80.60. Only loss of strong supports at 79.00/78.90, range floor / 200 day MA, would be a signal of fresh bears.

Res: 80.00, 80.60, 80.68, 81.00
Sup: 79.75, 79.50, 79.40, 79.30

USD/CHF

Attempts to find direction from near-term consolidative sideways movement within narrow 0.9550/20 range, attacking the upper boundary and 55 day EMA at 0.9550/60 zone. Break here and the next barrier at 0.9570, 50% of 0.9677/0.9461 / 29 June intraday high, would be a trigger for possible attempt towards 0.9600 zone, however, weak near-term studies keep fears of fresh weakness towards 0.9500/0.9461, alive.

Res: 0.9570, 0.9590, 0.9600, 0.9642
Sup: 0.9550, 0.9522, 0.9500, 0.9482