EUR/USD
Continues to trend lower, extending weakness off 1.3332, 06 Aug peak, approaching 1.2605, 50% retracement of 1.1875/1.3332 upleg. Break here to open way towards 1.2522, 13 July low, next. Upside, 1.2683/1.2728 expected to cap.
Res: 1.2664, 1.2683, 1.2728, 1.2770
Sup: 1.2605, 1.2565, 1.2522, 1.2480
GBP/USD
Break below 1.5470, 15 July previous high, now further weakens the structure, with 1.5350/35 seen as next target. Oversold hourly conditions, however, suggest correction, with higher low into 1.55 area expected to precede fresh weakness.
Res: 1.5515, 1.5550, 1.5575, 1.5620
Sup: 1.5350, 1.5335, 1.5296, 1.5280
USD/JPY
Today’s break under 84.73, yearly low, confirms bears, with 84.00 now in focus. Below here to open first key support at 83.51, 02 June 1995 low. Upside, 84.73 now reverted to initial resistance.
Res: 84.73, 85.05, 85.42, 85.90
Sup: 84.00, 83.51, 83.25, 82.30
USD/CHF
Recovery from 1.0256, 19 Aug low, seeks a lower top under 1.0465, via a 3-legged upswing, before the next downleg. Short-term risk remains set at this year's interim low of 1.0130 while break above 1.0465 needed to firm outlook.
Res: 1.0455, 1.0465, 1.0505, 1.0535
Sup: 1.0393, 1.0362, 1.0302, 1.0286
Continues to trend lower, extending weakness off 1.3332, 06 Aug peak, approaching 1.2605, 50% retracement of 1.1875/1.3332 upleg. Break here to open way towards 1.2522, 13 July low, next. Upside, 1.2683/1.2728 expected to cap.
Res: 1.2664, 1.2683, 1.2728, 1.2770
Sup: 1.2605, 1.2565, 1.2522, 1.2480
GBP/USD
Break below 1.5470, 15 July previous high, now further weakens the structure, with 1.5350/35 seen as next target. Oversold hourly conditions, however, suggest correction, with higher low into 1.55 area expected to precede fresh weakness.
Res: 1.5515, 1.5550, 1.5575, 1.5620
Sup: 1.5350, 1.5335, 1.5296, 1.5280
USD/JPY
Today’s break under 84.73, yearly low, confirms bears, with 84.00 now in focus. Below here to open first key support at 83.51, 02 June 1995 low. Upside, 84.73 now reverted to initial resistance.
Res: 84.73, 85.05, 85.42, 85.90
Sup: 84.00, 83.51, 83.25, 82.30
USD/CHF
Recovery from 1.0256, 19 Aug low, seeks a lower top under 1.0465, via a 3-legged upswing, before the next downleg. Short-term risk remains set at this year's interim low of 1.0130 while break above 1.0465 needed to firm outlook.
Res: 1.0455, 1.0465, 1.0505, 1.0535
Sup: 1.0393, 1.0362, 1.0302, 1.0286