EUR/USD

Extends the near-term sideways trading as the upside stays capped at 1.3540/55 zone. Hourly studies are in neutral mode, while 4-hour and daily outlook remains bearish and favors further weakness. Loss of strong support zone at 1.3421/07, 16/17 Nov lows / weekly Ichimoku cloud base / 76.4% of 1.3145/1.4246, would open 1.3360, the last obstacle before key short-term support at 1.3145. Rallies into 1.3570 / 1.3615, Fib 38.2% / 50% / main bear-trendline off 1.4246, would precede fresh weakness. Only break above 1.3655 / 1.3700, previous support / Fib 61.8% / daily 556 day SMA, would provide near-term relief.

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

GBP/USD

Corrective bounce from 1.5690, yesterday’s low, remains capped at 1.5800, keeping the pair in a near-term narrow range, directionless trading. Neutral hourly studies see the pair entrenched within 1.5700/1.5800 range, while 4-hour outlook maintains short-term bears for retest of 1.5690 to spark fresh leg lower and open 1.5630/10, 18 Oct low / Fib 61.8% of 1.5271/1.6164 ascend. On the upside, extension above initial barrier at 1.5800/20 zone, is not ruled out, with possible extension of near-term corrective action towards strong resistance zone at 1.5850/75, before bears regain control.

Res: 1.5800, 1.5814, 1.5820, 1.5850
Sup: 1.5740, 1.5720, 1.5700, 1.5690

USD/JPY

Turns the near-term focus lower after repeated failures to clear initial barrier at 77.00/15. Recent range low at 76.80 comes under pressure, with break here to signal an end of near-term consolidation and open way for fresh weakness towards 76.50/30 zone, initially. Hourly studies in the negative territory, keep bears in play, with 20 day SMA at 77.00, capping the upside for now. Only lift above 77.00/15 would ease immediate bear pressure.

Res: 76.90, 77.00, 77.15, 77.50
Sup: 76.80, 76.50, 76.30, 76.00

USD/CHF

Extends the near-term consolidative phase after break above 0.9200 barrier posted fresh 5-week high at 0.9234 yesterday. The recent range floor at 0.9240/30 zone, also Fib 38.2% of 0.8950/0.9234 rally, is expected to contain, to keep short-term bulls in play for possible attack at key resistances at 0.9313/38, 06 Oct /27 Mar highs.

Res: 0.9200, 0.9234, 0.9250, 0.9278
Sup: 0.9150, 0.9140, 0.9124, 0.9100