EUR/USD Current price: 1.4295
Support levels: 1.4190 1.4155 1.4070
Resistance levels: 1.4315 1.4335 1.4385
GBP/USD Current price: 1.6191
View Live Chart for the GBP/USD (Select the currency)
GBP/USD is moving in an uptrend channel in small time frames, attempting to confirm levels on top of Friday’s highs and above 1.6200, that could lead to further gains. Initial resistance is seen at 1.6220 and above at 1.6250 (200 SMA in hourly chart) and 1.6280. Failure to break above 1.6210/20, could weaken the Pound and pair could likely retreat toward 1.6150. As long as it holds above 1.6110, bias will remain to the upside, below, expect an acceleration to the downside.
Support levels: 1.6155 1.6110 1.6075
Resistance levels: 1.6220 1.6255 1.6280
USD/JPY Current price: 80.17
View Live Chart for the USD/JPY (select the currency)
Greenback recovery after Friday’s decline found resistance at the 60-SMA in hourly charts at 80.35 and regained the downside. Pair is still holding above 80.00 that is a major support, a consolidation under the mention level could lead to a bigger bearish movement, targeting 79.70 and below 79.55/45. If holds above 80.00, it could rise back to tests session highs; above it could rise to 80.45 that should limit the upside; higher levels seems unlikely for today considering low volume. A break above 80.45, could change current bearish bias.
Support levels: 80.00 79.70 79.55
Resistance levels: 80.45 80.70 81.05
USD/CHF Current price: 0.8419
View Live Chart for the USD/CHF (Select the currency)
USD/CHF is trading sharply lower on Monday, retreating further from last week highs at 0.8550. Hourly and 4-hours indicators are clearly bearish. Pair needs to rise back above 0.8510 to change current bias. A decline toward 0.8400 seems possible but the area around 0.8375 should offer support, if the pair breaks under, it should trigger a bigger decline targeting initially 0.8320 and below 0.8290.
Support levels: 0.8400 0.8375 0.8320
Resistance levels: 0.8455 0.8510 0.8540
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