Technical analysis: EUR/USD; USD/CHF; USD/JPY; GBP/USD

EUR/USD consolidates above $1.3500. Strong resistance comes at $1.3570 (Sep 19 highs), extending to $1.3600 (Feb 5 and 6 highs) with the stronger resistance is near yearly high on $1.3712. Initial support comes at $1.3460 (yesterday’s low and 23.6% Fibo of the $1.3100 - $1.3570 rise).

GBP/USD consolidates near  the initial resistance around $1.61, above - at $1.6145 (Sep 18 highs). Below $1.5990 (23.6% Fibo of the $1.5460 - $1.6140 rise) support comes at $1.5890 (Sep 16-18 lows and 38.2%).

USD/CHF holds around the recent lows at Chf0.9080 (Sep 23 and Dec 20 lows). Below Chf0.9080 support comes at channel line on Chf0.8940. If rate recovers, it may test Chf0.9230 (Sep 16 lows) and Chf0.9360 (channel line from Jul 6).

USD/JPY holds steady at Y98.60 (Sep 16 and 6 lows respectively) before challenged Y99.00. Minor resistance is near Y99.20 (Tuesday’s high), above - at Friday’s highs on Y99.65. Further rise may extend gains to Y100.00 (Sep 13 highs) and Y100.60 (Sep 11 highs).  Below Y98.60 support comes at Y98.30 (channel line from Aug 8) and Y97.60/50 (trend lines from Jun 13 and Jul 8 crossing).

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