EurUsd Confidence in the EUR is flooding out and with it any-and-all support. EURUSD traded down to 1.3675 this morning putting initial support at 1.3653 (18th Oct low) then 1.3565 (11th Oct low). On the topside, resistance stands at 1.3871 (intraday high), 1.4171 (31st Oct high) then 1.4245 (27th Oct high).
GbpUsd Sharp reversal has us reconsidering our bullish stance. Initial resistance now stands at 1.6167 (31st Oct high), 1.6203 (5th Sept high) then 1.6455 (29th Sept high). Initial support is located at 1.5891 (26th Oct high), 1.5632 (18th Oct low), 1.5333 (23rd Sept low), then 1.5297 (7th Sept 10 low) and after that, lots of space.
UsdJpy The USDJPY spike in early Asia trading doesn't seem to be the work of the MoF however, traders are wary. The fear of further action should keep downside limited for now. Initial support will come into play at 78.10 (Daily cloud cover support), 77.59 (cloud base & 13th Oct high), 76.49 (prior range ceiling). Resistance can be seen at 78.99 (intraday high), 79.53 (31st Oct intervention high), 80.24 (prior intervention high) then 81. 48 (8th July high).
UsdChf Sharp reversal off 0.8570 pivot level halted downside slide. On the topside 0.8878 (21st Oct high), 0.9086 (30th Sept high), 0.9147 (4th Oct low) then 0.9316 (6th Oct high) should provide plenty of resistance. Next support is located at 0.8611 (31st Oct low), 0.8568 (27th Oct low), 0.8540 (7th Sept low) then 0.8233 (30th Aug high).