EUR/USD

Corrects the recent sharp fall from 1.3850 that found temporary support at 1.3485 today. Regain of 1.3600 handle tested initial barrier at1.3650 so far. Upside is for now seen limited here, as the 4-hour chart past month’s movement could be seen as head and shoulders pattern, completion of which to signal fresh weakness. Immediate near-term target lies at 1.3485, today’s low, below which opens 1.3427 13 Feb low.

Res: 1.3655, 1.3680, 1.3700, 1.3723
Sup: 1.3600, 1.3555, 1.3500, 1.3485

GBP/USD

Yesterday’s slide from 1.6100 zone was contained at strong support at 1.5890. Subsequent bounce on oversold near-term studies, accelerated after BOE’s rate decision, however, psychological barrier at 1.6000 stays intact for now. The downside remains vulnerable, as near-term studies hold negative tone and only sustained break above 1.6000 to improve. Loss of strong support at 1.5890/78 would be bearish and to signal forming of double top pattern, with break here to open 1.5850 next.

Res: 1.5984, 1.6000, 1.6028, 1.6042
Sup: 1.5900, 1.5890, 1.5875, 1.5850

USD/JPY

Trades in a near-term corrective mode after dipping to 77.50 low, also Fib 50% of 75.56/79.52 rally. The pair has so far reached 77.85, with key level at 78.00 seen capping the upside for now and only clear break here to improve near-term structure. On the downside, loss of 77.50 would be bearish and risk extension to 77.00, initial support.

Res: 77.72, 77.87, 78.00, 78.24
Sup: 77.53, 77.26, 77.00, 76.67

USD/CHF

Extends corrective pullback from yesterday’s fresh high at 0.9150, losing initial supports at 0.9100/0.9066 and currently approaching our key near-term level at 0.9000, where 20 day SMA contained dips at 0.9020 for now. Break below 0.9000 handle would signal stronger correction towards 0.8930/20, main bull trendline / 08/09 Nov higher platform. Hourly studies are still in negative field, while 4-hour outlook remains supportive for fresh push higher, as the broader bull-trend remains intact.

Res: 0.9066, 0.9100, 0.9150, 0.9180
Sup: 0.9020, 0.9000, 0.8975, 0.8930