EUR/JPY

The cross enters near-term consolidative phase, following an extension of 10 days downmove from 103.84, below psychological 100.00 support, also bull trendline off 94.10, 24 July low. Temporary support was found at 99.70 zone, just ahead of previous 11/13 Sep higher platform at 99.50, with price moving around 100.00. With 55 day EMA at 100.22, keeping the upside limited for now, as hourly studies hold negative/neutral mode, while more bearish picture is shown on 4h chart, keeping the downside vulnerable. Unless 101.00 pivotal zone is regained, further retracement is seen likely, as daily studies are losing bullish momentum and 4h Ichimoku studies show bears fully in play. Break below 99.70/50 support to open 99.00, figure support / 50% of larger 94.10/103.84 advance, next.

Res: 100.26, 100.45, 100.67, 101.00
Sup: 99.70, 99.50, 99.00, 98.60

EUR/GBP

The pair remains under pressure, as fresh bearish extension below prior lows at 0.7935, dips to 0.7921 so far, just ahead of 0.7900 zone, round figure support / 55 day MA / Fib 61.8% of 0.7755/0.8114 ascend. Break here to signal further weakness and expose next static support at 0.7810. Near-term studies remain in the negative territory and keep the downside favored, however, some hesitation on approach to 0.7900 support may be seen on oversold near-term studies. Recent recovery tops at 0.7964/85, are acting as initial resistance, while only rally above 0.8000 would sideline near-term bears.

Res: 0.7939, 0.7964, 0.7985, 0.8000
Sup: 0.7921, 0.7905, 0.7886, 0.7853

GBP/JPY

Near-term recovery phase off 125.32, yesterday’s low, where the price found temporary ground, just ahead of 200 day MA at 125.07, extends gains to initial barrier at 126.00, previous strong support. Bulls are taking control on hourly chart as studies turn positive, however, regain of next significant barrier at 126.65, 25 Sep high / Fib 38.2% of 128.80/125.32 and 4h kumo Senkou-span B, is required to confirm near-term base and open way for stronger recovery. Otherwise, risk of fresh weakness towards strong support at 125.00, Fibonacci support / 200 day MA, will remain present.

Res: 126.08, 126.21, 126.65, 126.79
Sup: 125.71, 125.50, 125.07, 124.92

GBP/CHF

The pair continues to trend higher, in a near-term corrective bounce off 1.4988, 14 Sep low, where the footstep was found on Fib 61.8% of 1.4718/1.5478 upleg. The rally has so far retraced over 50% of initial 1.5478/1.4988 decline, on extension to 1.5245 so far. With positive near-term studies being supportive, scope is seen for stretch towards 1.5293, 07 Sep high, also Fib 61.8%, break of which to confirm near-term base and turn focus towards 1.5369, 16 Aug high.

Res: 1.5245, 1.5290, 1.5300, 1.5369
Sup: 1.5200, 1.5164, 1.5100, 1.5052