EUR/USD

Accelerated losses through key short-term support at 1.3655, with additional pressure coming from more disappointing news regarding Greece coming from Eurozone. Fresh daily low was hit just above 1.3600 handle, below which to open 1.3565, 11 Oct low / Fib 61.8% of 1.3145/1.4246 upleg. Near-term studies are firmly in the negative territory, suggesting further weakness, however, extremely oversold hourly / 4-hour conditions see scope for corrective bounce. Strong resistance at 1.3800/30 zone is expected to cap for now.

Res: 1.3700, 1.3730, 1.3800, 1.3830
Sup: 1.3607, 1.3565, 1.3523, 1.3500





GBP/USD

Sharp decline from yesterday’s fresh high at 1.6164, has so far been contained at 1.5890, 26 Oct low. Bounce higher is seen corrective, as near-term studies still point lower, with yesterday’s low at 1.5964, being tested so far. Further upside, 1.6000/20, psychological barrier / Fib 50% and hourly 20 day SMA, offer strong resistance, and holding below here to keep negative tone in play. On the downside, key support lies at 1.5850, below which to soften short-term bullish structure off 1.5271.

Res: 1.5993, 1.6000, 1.6020, 1.6050
Sup: 1.5930, 1.5900, 1.5890, 1.5850




USD/JPY

Continues to trade in a narrow range directionless mode, after corrective pullback from fresh high at 79.52, found good support at 78.00. Holding above the latter, also upper border of the daily Ichimoku cloud, keeps the positive sentiment in play. Upside regain of 79.00/52 to open key barriers at 80.00/23. Loss of 78.00 handle, however, would soften the near-term tone and expose strong support at 77.60 zone, previous highs / Fin 50% of 75.56/79.52 rally.

Res: 78.34, 79.00, 79.52, 80.00
Sup: 78.00, 77.75, 77.65, 77.50





USD/CHF

Extends the recent strength from 0.8566, 27 Oct low, as today’s surge through previous high at 0.8857 and main bear-trendline off 0.9313, at 0.8887, so far tested 0.8950, 19 Oct low. Corrective pullback on overbought hourly conditions is under way, with 0.8900 zone containing dips for now, ahead of 0.8857, now reverted to support. Positive short-term outlook keeps the upside favored, with psychological barrier at 0.9000 seen next, ahead of 0.9081, 20 Oct high.

Res: 0.8950, 0.9000, 0.9040, 0.9081
Sup: 0.8885, 0.8857, 0.8800, 0.8760