EUR/JPY â�,�“ As we remarked last week, â�,��"A push above 148.58 negates the bearish bias.â�,�  With the break above, the next significant resistance level is at the 161.8% fibo of 140.91-124.14 at 151.24.  Still, bearish divergence with MACD on the daily limits upside potential.  Immediate support is at the former resistance level from the 8/16-8/18 highs at 148.86/92.  A dip below there encounters the 8/18 low at 148.10.  Hourly conditions are overbought and favor weakness/consolidation in the near term.

EUR/CHF â�,�“ EUR/CHF has made a double top with the 4/27 high at 1.5821.  The pair has traded in a range from 1.5827 to 1.5757 since 8/11.  The pair is currently testing the low side of that range.  A break below 1.5757 would probe a trendline from the 5/18 low at 1.5448.  The trendline is currently at 1.5668 and increases about 4 pips per day.  Intraday resistance is just above at 1.5794.

EUR/GBP â�,�“ EUR/GBP has rallied to a congestion area (.6807-.6843) but failed to push through.  However the pair is holding above a supporting trendline from the 8/15 low at .6728.  The trendline is at the psychological .6800 figure.  With the long term triangle support at the 8/8 low at .6718 â�,�“ the bias is bullish and this setback is viewed as a correction.  A break below the aforementioned trendline probes the 38.2% fibo of .6718-.6827 at .6785.

Jamie Saettele is a Technical Currency Analyst for FXCM.