EUR/USD Current price: 1.3953


chart 1

Pair raised following stocks and mover the short term consolidation range higher, basing now on 1.3925. With momentum and RSI pointing to the upside, price above 200 EMA and 20 SMA with a bullish slope, an upside rally seems likely if the pair breaks above yesterday’s high at 1.3985, to 1.4015 zone, where we still have past Sunday’s opening gap to close. Bigger time frames are also slightly bullish, supporting the upside bias.

Support levels: 1.3925 1.3890 1.3850

Resistance levels:  1.3985 1.4015 1.4050


GBP/USD Current price: 1.6391


chart 10

Still inside the descendant channel we mention yesterday, pair regain the upside early Europe, still unable to break above the rook first dynamic resistance for today, now around 1.6430. Momentum remains strong in the hourly despite last hours sideways movement, while bigger time frames also support the view. Clear break above descendant trend line, will signal further acceleration in the next hours.

Support levels:  1.6378 1.6345 1.6300

Resistance levels:  1.6435 1.6490 1.6530


USD/JPY Current Price 95.75


chart 11

Not much change since last update, pair remains under downside pressure and just failed to regain the 96.00 zone. Anyway downside seems exhausted in 4 and daily charts, so, as long as the 95.20 zone holds the downside, expect a longer upside correction for next hours.

Support levels:  95.20 94.80 94.40

Resistance levels:  96.05 96.30 96.60


USD/CHF: Current Price: 1.0795


chart 12

Also ranging, yet under 1.0800, pair remains bearish in the hourly, with momentum under 100 and price well below 20 SMA and 200 EMA; both should hold the upside around the key 1.0840. Bias remains bearish for the next hours

Support levels: 1.0770 1.0720 1.0680

Resistance levels: 1.0840 1.0870 1.0910

NOTE: when not detail, supports and resistance levels reflect past session candles minimums or maximums congestion zones.