EUR/USD Price: 1.3270
Bearish Momentum with Dynamic Trendline Resistance leads to slight Consolidation over the last few hourly Candles, as Price finds Daily Dynamic Support @ 1.3244. RSI Readings and Slight Upward Slope registering lower @ “37” look to support a Bounce towards 1.3296 Static Resistance, followed by 1.3330 Hourly 20SMA Resistance in the Immediate-Term. Extension beyond sees the 1.33 42 Daily Pivot into 1.3372 Static Resistance. Clearance in the Near-Term sees Dynamic and Static Resistance Levels of 1.3397 and 1.3427 to form the Hourly Triple-Top Formation. Failure to regain the 1.3342 Pivot keeps Downside Bearish Sentiment in check as a Breach of Static Support @ 1.3320 leads to the Hourly Double-Bottom Formation with 1.3190 in View.
Support levels: 1.3244 1.3220 1.3190 1.3144
Resistance levels: 1.3296 1.3330 1.3372 1.3402
GBP/USD Price: 1.5027
Price looks to retrace with slight Appreciation from the Daily Dynamic Support of 1.4984, where Maintenance above the 1.50 Figure is needed to see Clearance of the Hourly 20SMA/Daily Pivot Confluence @ 1.5068 in the Immediate-Term. If the Area is Breached, the Violation finds 1.5111 Daily Static Resistance leading to the 1.5166 Area for the Hourly Double-Top Formation if the Resistance Holds. Failure to Breach the Moving Average/Pivot Confluence keeps Pressure to the Downside, where Price looks towards 1.4974 Daily Static Support, followed by 1.4953 and 1.4931 which brings Bearish Sentiment back into View as the 1.4860’s Area finds Congestion-Zone Basing which is not favored in the Near-Term.
Support levels: 1.4984 1.4953 1.4931 1.4888
Resistance levels: 1.5068 1.5108 1.5136 1.5166
USD/JPY Price: 98.27
Neutral Bias through Hourly Consolidation also see the Unit with slight Upwards Slope and reading of RSI @ “37”, as Price looks to Correct towards the 98.61 Daily Static Resistance/98.64 Hourly 20SMA Confluence Area. Breaching this Level sees 98.91 Dynamic Resistance ahead of 99.21 Static Resistance, which is also the “Support Base” of the Accumulation Area towards the Daily Static Resistance Range @ 99.51/55. A Failure at the 98.91 Pivot Congestion Area sees Downside Risk towards Static Support @ 98.04 followed by 97.85 Dynamic Support/Hourly 200SMA Confluence, which then looks to 97.46 in the Near-Term.
Support levels: 98.04 97.85/200 97.46 97.26
Resistance levels: 98.61 98.91 99.21 99.55
USD/CHF Price: 1.1354
Consolidation sees Neutral Bias as Price remains in the Congestion Zone Range of 1.1338 Daily Static Support and 1.1383 Daily Dynamic Resistance. The Hourly Uptrend Channel remains largely intact, with the Hourly 20SMA providing Dynamic Support at 1.1324 if Depreciation is seen. Clearance of this Area sees 1.1291 Dynamic Support and 1.1253 Static Support, with Downward Slope and Readings of “56” in RSI as Confirmation in the Immediate-Term. Upside Potential sees a Violation of the Hourly 200SMA @ 1.1394 towards the Static Resistance level of 1.1432 to form an Hourly Triple-Top Formation if Maintenance above Dynamic Resistance at 1.1383 is Seen.
Support levels: 1.1338 1.1309 1.1291 1.1253
Resistance levels: 1.1383 1.1394 1.1413 1.1432
