EUR/USD Current price: 1.4105
Hourly charts point for a downside correction at Asia opening, as the pair already gave up 50 pips from the opening. Indicators in bigger time frames remain overbought, so if pair manages to break under 20 SMA now at 1.4080 also daily pivot point, correction could extend to the 1.4025 zone, 38.2% of the last up leg. 1.4180 is the zone to watch for a break higher, as it represents the 50% of the monthly 1.6018/1.2330.
Support levels: 1.4100 1.4080 1.4025
Resistance levels: 1.4140 1.4180 1.4210
GBP/USD Current price: 1.6166
Gbp remains reluctant to correct despite indicators show some bearish divergences both in 1 and 4 hours charts. Consolidating between 1.6155/90 zone, failure to break under 1.6155 could set bases for a new leg higher, with the mid 1.63~ as probable target for next sessions. 20 SMA bullish slope will continue acting as dynamic resistance, now at 1.6120
Support levels: 1.6155 1.6120 1.6080
Resistance levels: 1.6190 1.6230 1.6265
USD/JPY Current Price 95.26
General perspective remains bearish in the pair, thus appreciation since limited at current levels. With 20 SMA and 200 EMA above actual price, and CCI failing at 0.00 line, expect a retest of the 94.80 zone before any upside correction. Pair needs to break above 95.70 to confirm further upside movements in the next sessions.
Support levels: 95.10 94.80 94.50
Resistance levels: 95.40 95.70 96.10
USD/CHF: Current Price: 1.0691
Pair corrected to the 1.0700 but remains generally bearish. With a small ascendant trend line around 1.0670, clear break under could trigger more bearish momentum in the pair, to the 1.0620 zone, followed by 1.0560 and then 1.0510. Above 1.0730 upside rally could gain strength for the next sessions.
Support levels: 1.0670 1.0620 1.0560
Resistance levels: 1.0700 1.0730 1.0790
NOTE: when not detail, supports and resistance levels reflect past session candles minimums or maximums congestion zones.
