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Daily Technical Report :September 29, 2015

Daily Technical Report :September 29, 2015

USDJPY

USDJPY retraced from support zones of the triangle pattern, but the strong bearish signals on technical indicators argue us to hold onto our bearish anticipations.

USDJPY

All what we need is to witness a breakout below 119.25 to resume the strong downtrend seen yesterday.

On the upside, 120.60 should hold for intraday traders and 121.50 for short-term trading.

Despite the above-mentioned direction, but we will watch out the price behaviors until the pair breaches 119.25. So, we will not issue recommendation right now.

Support:119.35-118.80-118.20

Resistance: 120.25-120.60-121.05

Direction: Bearish

USDCHF

The USDCHF pair has moved sharply to the downside and is currently trading below 0.9725 regions, which intersect with 61.8% Fibonacci level.

USDCHF

The pair attempts to hit moving averages along with negative signs on technical indicators.

Thereby, we will be bearish today and a break below 0.9650 will affirm and accelerate.

Support: 0.-9630-0.9590-0.9550

Resistance: 0.9760-0.9785-0.9835

Direction: Bearish

EURUSD

EURUSD inclined, meeting 50% Fibonacci at 1.1280, while positivity appeared on ADX and RSI14, which trades above 50.00 levels.

EURUSD

The bullishness is available, but we should witness stability above 1.1280 to affirm. On the downside, 1.1200 should hold to protect the bullish prospects.

Support: 1.1235 – 1.1185 – 1.1145

Resistance: 1.1280 –1.1325 – 1.1385

Direction: Bullish

GBPUSD

Huge fluctuation has been seen on GBPUSD pair and the pair filed to maintain levels above 1.5270 during the previous 2 days, which is negative factor.

GBPUSD

ADX shows weakness in bearish tendencies, while RSI started to inch higher, but moving averages remain bearish. Thus, we will be neutral; noting that, a break below 1.5165 will be a bearish sign.

Support: 1.5220 – 1.5165 – 1.5100

Resistance:1.5270 – 1.5315 – 1.5365

Direction: Sideways

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