EUR/USD Current price: 1.0665
View Live Chart for the EUR/USD
Support levels: 1.0620 1.0590 1.0550
Resistance levels: 1.0690 1.0730 10760
GBP/USD Current price: 1.5078
View Live Chart for the GPB/USD
The GBP/USD pair fell below the 1.5100 level, following some comments from BOE's governor Mark Carnet and chief economist Haldane, the first stating that interest rates are likely to remain low "for some time" and the second stating that downside inflation risk is worse than the one reported in the latest inflation report. The pair trades a few pips above 1.5067, the daily low, and the 1 hour chart shows that the price has accelerated well below a bearish 20 SMA, while the technical indicators have lost their bearish strength but hold in oversold territory. In the 4 hours chart, the technical supports a continued decline, given that the technical indicators head sharply lower well into negative territory, supporting a downward extension towards the 1.5000/10 price zone.
Support levels: 1.5050 1.5010 1.4980
Resistance levels: 1.5110 1.5160 1.5190
USD/JPY Current price: 122.53
View Live Chart for the USD/JPY
Key support at 122.20. The USD/JPY pair trades near a fresh weekly low set at 122.34 after the release of the US data, from where its currently bouncing, although still in the red daily basis. The 1 hour chart shows that the price has fallen well below its 100 and 200 SMAs, both around 123.00, but that the technical indicators are bouncing from oversold levels, limiting chances of a stronger decline. In the 4 hours chart, the price is stuck around a bullish 100 SMA, whilst the technical indicators aim higher but below their mid-lines. The key support comes at 122.21, past November 15th daily low, with a break below it required to confirm a stronger bearish movement during the upcoming sessions.
Support levels: 122.20 121.70 121.35
Resistance levels: 123.00 123.40 123.75
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