EUR/USD

The single currency extends its near-term easing off yesterday’s 1.2588 high, with losses accelerating and sliding below 1.2500, on better-than-expected US data. End-of-the-week profit taking on week-long rally and negative near-term tone, see the downside vulnerable, as support at 1.2486 has been cracked and risk seen for extension towards 1.2440/30 breakpoint and 50% of 1.2294/1.2588 ascend. Previous support at 1.2530, now acts as initial barrier, while only regain of 1.2560 would turn focus higher and re-expose 1.2588/1.2600.

Res: 1.2530, 1.2560, 1.2588, 1.2600
Sup: 1.2481, 1.2441, 1.2430, 1.2400

GBP/USD

Cable extends corrective pullback from 1.5911 high, to retrace 38.2% of 1.5673/1.5911 upleg, after losing initial support and overnight’s consolidation floor. As near-term studies moved in the negative territory, further easing could not be ruled out, with important levels at 1.5800 and 1.5770 zone, Fib 61.8% and previous range top, loss of which would bearish. On the upside, violation of initial barrier at 1.5850/70, is needed ease immediate bear pressure.

Res: 1.5850, 1.5868, 1.5890, 1.5911
Sup: 1.5813, 1.5800, 1.5776, 1.5764

USD/JPY

The pair remains in a sideways mode, following repeated upside rejection at 78.70, with weak near-term studies and price holding below 55 day EMA, seeing the downside still under pressure. Initial support lies at 78.30 zone, ahead of more significant 78.00 base, below which, bears would be accelerating again. Only lift above 79.00 will improve near-term picture.

Res: 78.70, 78.80, 78.96, 79.12
Sup: 78.44, 78.35, 78.27, 78.15

USD/CHF

The pair extended its near-term consolidative phase off 0.9537, yesterday’s low, to retrace nearly 38.2% of initial 0.9766/0.9537 downleg at 0.9620, where gains stalled. As larger picture’s bears remain in play and hourly studies approaching overbought zone, the upside looks quite limited for now, with penetration through 0.9650 and 0.9700 barriers expected to avert downside risk. On the downside, loss of 0.9550, Ichimoku cloud base and 0.9537, yesterday’s low, is seen as a trigger for fresh weakness, with 0.9500 to come first, ahead of another strong supports at 0.9461 and 0.9420.

Res: 0.9620, 0.9655, 0.9679, 0.9700
Sup: 0.9550, 0.9537, 0.9500, 0.9461