GBPUSD falls from he peak
Our GBPUSD analysis shows the pound fell again against the greenback as the global risks rumbled on. On the chart, the pair has dropped over 200 pips since hitting a peak just under the 1.3350 level.
The bullish recovery is starting to take shape, as prices have broken back above the 1.3260 level.
A downwards continuation could persist in the medium term if 1.3180 is broken.
An upswing will first need a 1.3300 break to pull back some recent losses.
USDCHF remains subdued
The Swiss franc gained some momentum after the dollar hit some first resistance.
After hitting the 0.8000 level, the US dollar has shown some weakness, indicating sentiment has shifted to the downside.
The recent level at 0.7920 is the next target for bears, with 0.7850 waiting on the horizon.
0.8010 is the first resistance zone to ease the selling pressure.
EURJPY hitting higher highs
The Japanese yen failed to maintain the pressure on the euro as the pair witnessed a sell-off a few sessions ago.
183.60 is now a crucial support to keep the rebound intact
Minimal follow-up buying could threaten a move to the bottom of the recent bearish candle at 182.70.
Buyers could regain control of the direction if they manage to push back above the fresh resistance at 184.50
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