EUR/USD: Testing 200-Day Moving Average. The pair has so far failed to record a close below the 200-DMA, but bears remain focused on this level, currently at $1.2824.The 5 & 21-day moving average now provide initial resistance, at $1.2872 ahead of the $1.2935 resistance line. Close below the 200-DMA would have bears looking at a rising support line from July, at $1.2655.
RES 4: $1.3195 – Bollinger band
RES 3: $1.3122 – One year trendline
RES 2: $1.3086 – High Sept 19
RES 1: $1.2935 – September resistance line
LATEST PRICE: $1.2824
SUP 1: $1.2824 – 200 day moving average
SUP 2: $1.2756 – Implied channel base
SUP 3: $1.2655 – Support line from July
SUP 4: $1.2627 – Low Sept 7
GBP/USD: Focus on 21-Day Moving Average. GBP sees the daily studies weaken as bears turn their attention to the 21-day moving average of $1.6114. Break under there could turn attention to Fibonacci level at $1.5913, which matches a former high from 23 Aug. The 5-day moving average turns initial light resistance at $1.6175.
RES 4: $1.6451 – High Aug 29
RES 3: $1.6363 – Bollinger band
RES 2: $1.6310 – 2012 high Sept 30
RES 1: $1.6267 – High Sept 25
LATEST PRICE: $1.6126
SUP 1: $1.6114 – 21 day moving average
SUP 2: $1.5962 – Low Sept 10
SUP 3: $1.5913 – 38.2% retracement of $1.5270-$1.6310 move
SUP 4: $1.5887 – Bollinger band
USD/JPY: Lower Levels Continue. The pair continues to slowly drift lower towards the falling 21 day lower Bollinger band with a retests of 2012 lows remaining in focus. Bulls need a close above theY78.90-Y79.30 region needed to shift initial focus to tests of the June monthly highs.
RES 4: Y78.95 – Bollinger band
RES 3: Y78.88 – 100 day moving average
RES 2: Y78.45 – High Sept 20
RES 1: Y78.11 – High Sept 28
LATEST PRICE: Y77.88
SUP 1: Y77.35 – Bollinger band
SUP 2: Y77.26 – Low Sept 13
SUP 3: Y76.50 – Low Feb 6
SUP 4: Y76.04 – 2012 low Feb 1
EUR/JPY: 21-DMA Continues To Cap. EUR/JPY remains capped by the 21-DMA, now at Y100.59, following the break and close below this level last week. Hesitation ahead of the Sept 14 lows is a concern to bears and hints at potential for a bounce back towards the 200-DMA. However, a close above the 200-DMA is needed to shift overall focus topside and away from a potential test of the key Y97.90-95 region that supported in late Aug.
RES 4: Y103.23 – Bollinger band
RES 3: Y101.74 – 200 day moving average
RES 2: Y101.04 – High Sept 25
RES 1: Y100.59 – 21 day moving average
LATEST PRICE: Y99.91
SUP 1: Y99.54 – Low Sept 14
SUP 2: Y98.86 – 100 day moving average
SUP 3: Y97.92 – Low Aug 28
SUP 4: Y95.76 – Low Aug 10
EasyForexNews Research Team