EUR/USD

Remains in a near-term corrective mode, after bounce from 1.3485, yesterday’s fresh one-month low, was capped at strong barrier at 1.3650. The pair steadies around 1.3600 level, with hourly studies in neutral to negative mode, but wider picture’s outlook maintaining negative structure. Downside remains favored while 1.3650/80 zone caps, with psychological 1.3500 level in focus, ahead of 1.3485. Break here to open fresh leg lower and expose 1.3427, 13 Feb low next. Only lift above 1.3700 would ease bear pressure in favor of stronger recovery. Key short-term resistance lies at 1.3850.

Res: 1.3632, 1.3655, 1.3680, 1.3700
Sup: 1.3600, 1.3575, 1.3550, 1.3500

GBP/USD

Near-term price action moves within a narrow range after yesterday’s spike higher was capped under 1.6000, psychological resistance, as well as downside brief break below strong support at 1.5890/75, was short-lived. Studies remain in the negative territory and keep focus at the downside, however, clear break below key support zone that was already tested yesterday, is required to trigger fresh weakness and expose 1.5850/00 initially. On the upside, break above 1.6000 would delay and signal further range trade.

Res: 1.5950, 1.5984, 1.6000, 1.6028
Sup: 1.5900, 1.5890, 1.5875, 1.5850

USD/JPY

Resumes the near-term weakness after recovery attempt was capped under 78.00 barrier. Break below 77.50 support, previous low and 50% Fibonacci retracement of post-intervention rally, now risks easing towards 77.00 and return to previous Aug-Oct range. Near-term studies are negative but overbought hourly and 4-hour chart conditions may see corrective bounce preceding fresh weakness. Recovery high at 77.87 and 78.00 barriers cap the upside for now.

Res: 77.50, 77.72, 77.87, 78.00
Sup: 77.36, 77.26, 77.00, 76.67

USD/CHF

Bounce from yesterday’s low at 0.9020, where the pair found support, was capped under 0.9100 barrier, with current easing increasing risk of retesting 0.9020/00 strong support zone, as hourly studies are losing momentum. From the other side, daily structure is moving into positive territory and keeping scope for fresh rally towards 0.9313 high. Loss of 0.9000 handle would delay and allow for stronger correction and test of main bull trendline at 0.8970.

Res: 0.9078, 0.9088, 0.9100, 0.9150
Sup: 0.9020, 0.9000, 0.8975, 0.8930