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

EUR/USD sits on a channel line from Sep 6 at $1.3570 today, consolidatin within the narrow range. Below $1.3460 (Sep 25 low) support is around $1.3400. Above recent highs resistance is  near yearly high on $1.3712.

GBP/USD recovered from Friday’s lows on $1.6020 and currently holds at $1.6070 (23.6% Fibo of the $1.6250 - $1.6020 decline). Resistance comes at $1.6140 (50%). Above $1.6260 (Oct 1 high) resistance is around $1.6340 (Jan 2 highs). Now support comes at $1.6000 (Sep 26 lows) with a break under widens losses to $1.5950 (Sep 24 lows).

USD/CHF challenged resistance at Chf0.9050/Chf0.9080 (channel line from Sep 6 and 23.6% Fibo of the Chf0.9450 - Chf0.8960 decline). Above Chf0.9080 resistance comes at  Chf0.9130/35 (Sep 25 high) and Chf0.9230 (Sep 16 lows).  A break under Oct 3 lows on Chf0.8965 will open the way for channel line from Jul 8 on Chf0.8880.

USD/JPY recovered from yesterday’s lows on Y96.50 (initial support) and currently holds at Y97.00. Below losses may widen to Y95.80 (Aug 8 lows). Above Y97.00 resistance comes at Y97.70 (earlier broken support line from Jun 13), then - at Y98.70 (Tuesday’s high).

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