EUR/USD Current price: 1.3939
Moving inside a continuation triangle, pair continues with a bullish tone. Indicators seem to have based and turn to the upside, while price remains under 20 SMA that remains flat. 200 EMA still far from actual price should hold the downside if price manages to break under the ascendant trend line, not seen at this point, at 1.3820 zone, also the 38.2% retracement of last week rally.
Support levels: 1.3910 1.3880 1.3850
Resistance levels: 1.3960 1.3990 1.4040
GBP/USD Current price: 1.6015
Pair has reached today, exactly the 38.2% retracement of the huge monthly fall, at 1.6040. The level offered a nice rebound yet I don’t discard a retest of the zone yet. With month close two days ahead, new candle opening above that level will likely mean Gbp reach the 1.60 to stay. Hourly charts remain bullish with 20 SMA acting as dynamic support at 1.5960, followed by an ascendant trend line at 1.5910.
Support levels: 1.5960 1.5910 1.5850
Resistance levels: 1.6040 1.6086 1.6110
USD/JPY Current Price 95.03
Japanese yen remains strong, and despite bigger time frames suggest some upside bias, pair has turned to the downside, and seems ready to test the 94.90 zone, an ascendant trend line. With indicators suggesting further falls, clear break under that line, could send the pair back to the 94.40 zone.
Support levels: 94.90 94.40 94.10
Resistance levels: 95.30 95.60 96.10
USD/CHF: Current Price: 1.0848
Swiss franc continues appreciating, with no much change from previous views: dominant trend remain bearish in this pair, and the pair keeps consolidating close to lows. Bigger time frames also turn to the downside, with weekly minimum at 1.0811 as the key point to watch. Clear break under that point, could send the pair close to the 1.0700 zone
Support levels: 1.0811 1.0780 1.0750
Resistance levels: 1.0885 1.0930 1.0950
NOTE: when not detail, supports and resistance levels reflect past session candles minimums or maximums congestion zones.
