EurUsd Indicators continue to painting a bearish picture and we suspect further downside. The sharp sell-off which broke 1.3587 (19th Sept low) today now opens the way to 1.3495 (12th Sept low), 1.3428(14th Sept low) then 1.3252 (18th Jan low). Resistance is located at 1.3601 (intraday high), lots of room till 1.3797 (21th Sept high), then lots of space till 1.4278 (6th Sept reaction high).
GbpUsd Yesterday's aggressive liquidation continues with bearish signals across timeframes giving this pair a negative outlook. Yesterday BoE minutes provide sterling bears with all the fundamental rational they needed. Initial support is located at 1.5407 (1st Jan low), then 1.5345 (28th Dec 10 lows) 1.5297 (7th Sept 10 low) and after that lots of space. Not much on the topside with 1.5633 (19th Sept low) providing first resistance.
UsdJpy Given our positive view on safe-haven trades (and lack of freedom from CHF and noise from the MoF) we continue to expected downside pressure. Support will come into play at 76.12 (21st Sept low), then 75.95 (all time low). On the topside initial resistance is located at 76.97 (intraday high), 78.17 (27th July high) then 78.58 (daily cloud base).
UsdChf Safety in USD is trumping all other perceived safe-haven trades and with the SNB standing unyielding (although untested) flows normally sent to CHF are now heading stateside. Today clearance of 0.9012 has sellers swarming to cover pushing up to 0.9094. Initial resistance is located at 0.9105 (11th April high), 0.9296 (6th April high) then 0.9340 (1st April high).