EUR/USD Current price: 1.3976
Bullish in the hourly and in bigger time frames, pair could extend current rally to the 1.4010 zone, first resistance and 60 EMA in 4 hours charts. Above that level, rally could extend to 1.4030 zone, 200 EMA in the hourly, where the pair will start giving exhaustion sings in smaller time frames. Above that, 1.4085, 61.8% retracement of Fibonacci rally 1.4257/1.3803.
Support levels: 1.3990 1.3936 1.3880
Resistance levels: 1.3935 1.3960 1.3910
GBP/USD Current price: 1.6219
Pair reached the 50% retracement of the last daily fall at the 1.6240 zone, where halted the upside run. Taking a breath, Gbp points to continue north in the next hours, if break above previous high, with 1.6330 as a probable target for today, 61.8% of the mentioned Fibonacci retracement. Hourly indicators seem a bit exhausted, while bigger time frames are still clearly up. 20 SMA in the hourly, around 1.6080 should hold the upside in the next hours to keep bullish bias intact.
Support levels: 1.6180 1.6125 1.6080
Resistance levels: 1.6240 1.6285 1.6330
USD/JPY Current Price 97.67
Failure to the break above the daily descendant trend line has sent the pair quickly down to test the 97.60 zone. Clear break under that level, will trigger more sell in the pair, thus 97.00 zone should hold for today. Bigger time frames had turn to the downside, so today’s close will be key for the pair’s trend.
Support levels: 97.50 97.10 96.80
Resistance levels: 97.85 98.10 98.45
USD/CHF Current Price: 1.0820
Bearish tone has send the pair to the 200 EMA in the hourly, and continues bearish in the hourly. Indicators still remain bearish even in bigger time frames, expect a rebound around 1.0762.
Support levels: 1.0810 1.0762 1.0720
Resistance levels: 1.0880 1.0920 1.0985
NOTE: when not detail, supports and resistance levels reflect past session candles minimums or maximums congestion zones.
