EUR/USD

Improves the near-term outlook after bounce from today’s low at 1.3703, cleared initial barrier at 1.3800 and 1.3825/42, bear-trendline off 1.3913 / yesterday’s high, with the latest push through 1.3868, 19 Oct peak, to expose key short-term barriers at 1.3913/17, 17 Oct high / daily 55 day MA. Four-hour studies, emerging above their midlines and 20 day MA turning upside, support the advance. However, hourly RSI, entering overbought zone, may delay initial gains in favor of corrective pullback. Immediate supports lie at 1.3842/00, with only break below the latter to delay bulls.

Res: 1.3900, 1.3913, 1.3935, 1.4000
Sup: 1.3842, 1.3806, 1.3750, 1.3700

GBP/USD

Break above 1.5851, 14 Oct previous high, open fresh leg higher, as corrective pullback from 1.5851 was contained at 1.5681, keeping the key short-term support at 1.5630, intact. Lift above 1.5900 barrier, currently tests daily 55 day MA at 1.5935, also near Fib 50% of 1.6617/1.5271 descend, above which to open 1.6000 barrier for test. Positive hourly and 4-hour studies are positive, but hourly overextended conditions warn of pullback. Previous highs at 1.5851/46 offer initial support.

Res: 1.5935, 1.5950, 1.6000, 1.6023
Sup: 1.5900, 1.5851, 1.5846, 1.5800

USD/JPY

Loses the traction after break below initial support at 76.60 accelerated losses through 76.30/10 and key support and record low at 75.93, to post fresh all-time low at 75.80. Quick recovery above 76.00 barrier followed after near-term studies entered oversold zone, however, negative near-term studies keep the downside favored and signal possible establishing of fresh bear-phase as the pair breaks out of medium-term range. Daily studies are breaking below the midlines, with 55 day MA capping the upside at 76.80 for now.

Res: 76.20, 76.30, 76.44, 76.55
Sup: 76.00, 75.80, 75.50, 75.00

USD/CHF

Today’s recovery from low at 0.8847 was short-lived, as gains were capped at 0.8950, initial resistance level. Subsequent sell-off through 0.8847 confirms the short-term negative structure under 0.9313, 06 Oct high and keeps the downside vulnerable for test of 88.00 and 200 day MA, currently at 0.8755. Potential bounce on oversold near-term conditions is for now seen limited under 0.8900/30 zone.

Res: 0.8847, 0.8863, 0.8900, 0.8930
Sup: 0.8828, 0.8800, 0.8789, 0.8755