EurUsd Yesterday's sharp reversal off 1.3146 (4th Oct low) doesn't remove the pairs bearish tone. We still are watching for a wider move to 1.3073 (27th Dec 10 low) then key support at 1.2867 (10th Jan low). Initial resistance stands at a lofty 1.3389 (3rd Oct high), 1.3521 (2-month bearish channel ceiling), then 1.3718 (30th Aug high), not much till 1.4278 (6th Sept reaction high).

GbpUsd The cables failure to convincingly break above 1.5706 (27th Sept high) has lead to a quick and sharp reversal. Initial support is located at 1.5333 (23rd Sept low), then 1.5297 (7th Sept 10 low) and after that, lots of space. Not much on the topside with 1.5597 (3rd Oct high) providing first resistance, then minor supply at 1.5716 (29th Sept high) then 1.5797 (19th Sept high).

UsdJpy Range remain tight as policymakers attempt to influence the price with aggressive interventions laced comments. Rallies continue to failed gain momentum and quickly reverted to trend lows. Given our positive view on safe-haven trades (and lack of freedom from CHF) we continue to expect to eventually grind lower. 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 77.27 (3rd Oct high), 77.58 (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. After a week of consolidation we are now resuming the pairs bullish climb. First resistance should come into play at 0.9296 (6th April high) then 0.9340 (1st April high). Support stands at 0.8919 (29th Sept high) then 0.8647 (15th Sept low).