EUR/USD

Fresh strength emerged on a break of the near-term range ceiling at 1.3555, surging through 1.3600 barrier to test 1.3615, Fib 50% of 1.3810/1.3421 downleg, where gains stalled. Sharp reversal under initial support, previous resistance at 1.3655, now risks return to 1.3421 in case 1.3500 support level is lost. Wider picture’s bears, however, remain intact while 1.3635, main bear-trendline / 14/15 Nov consolidation ceiling stays intact.

Res: 1.3500, 1.3540, 1.3555, 1.3570
Sup: 1.3466, 1.3447, 1.3421, 1.3407

GBP/USD

Break above near-term consolidative range ceiling at 1.5800/20 zone, triggered fresh strength that briefly broke above our initial target at 1.5850/75, stalling ahead of next resistance zone at 1.5890/1.5900, near Fib 50%, before returning to 1.5800 area, now acting as support. Hourly MACD has emerged above the midline and holds above the signal line, suggesting possible fresh attempt higher, if 1.5800 and 20 day SMA, at 1.5790, contain the latest reversal from 1.5887, today’s high. On the downside, break below near-term bull trendline at 1.5760 would re-focus 1.5690 low.

Res: 1.5840, 1.5888, 1.5900, 1.5935
Sup: 1.5805, 1.5790, 1.5760, 1.5736

USD/JPY

Extends the near-term weakness under 76.80, previous range downside boundary, to test initial support at 76.50 so far. Bearish hourly studies see scope for further weakness and possible test of next levels at 76.30 and 76.10, while corrective bounce on oversold hourly RSI faces initial resistance at 76.80, previous strong support and 20 day SMA and should reverse ahead of key near-term barrier at 77.00, to maintain near-term negative tone. Only lift above 77.00/15 would improve the outlook and delay bears in favor of possible attempt at77.50 spike high.

Res: 76.80, 77.00, 77.15, 77.50
Sup: 76.50, 76.30, 76.10, 76.00

USD/CHF

Dip through strong supports at 0.9140/30 and 0.9100, found a footstep just above next support level at 0.9080, ahead of strong bounce. Regain of previous low and support zone at 0.9140, looks for test of 20 day SMA at 0.9175 and figure resistance at 0.9200, to signal an end of corrective phase and re-focus previous high at 0.9234.

Res: 0.9175, 0.9200, 0.9234, 0.9250
Sup: 0.9100, 0.9083, 0.9059, 0.9000