EUR/USD Current price: 1.4710
Slow market due to Japan holiday, the pair remains in a tight range since early opening, between 1.4680/1.4730 zone. Hourly charts show pair is hovering around flat 20 SMA while bigger time frames are giving bearish signals with momentum cutting upside down the 100 line and current candle developing under 20 SMA, yet sentiment remains to be market driver, so seems unlikely a strong downside break for the next hours. Due to daily overbought conditions, expect the upside to remain limited by past week high.
Support levels: 1.4680 1.4640 1.4610
Resistance levels: 1.4730 1.4770 1.4830
GBP/USD Current price: 1.6254
Gbp remains under pressure, having reached the base of the past 4 months range around 1.6200 early Asia, from where the pair rebounded; still, the upside remains limited with hourly charts showing strong 20 SMA bearish slope, and indicators unable to gain momentum. Bigger time frames support further falls under mentioned support zone, with 1.6100 area as key: break under that level in the next hours, could confirm further falls in the days ahead.
Support levels: 1.6200 1.6160 1.6100
Resistance levels: 1.6280 1.6330 1.6375
USD/JPY Current price: 91.45
Pair break above the 4 hours descendant channel coming from the 97.70 highs with today opening, suggesting chances of an upside continuation keep growing stronger. Hourly indicators are pointing for further gains while, bigger time frames are losing upside momentum. Pair needs to break above 91.70 resistance area, to extend the upside movement. Pair remains above 20 SMA that is acting as dynamic support, and guiding current movement, turning slightly bullish.
Support levels: 91.30 91.00 90.55
Resistance levels: 91.70 92.10 92.50
USD/CHF Current price: 1.0297
Pair remains hovering around 1.0300, with no clear bias for next hours. Consolidating in a tight range, pair seems to be forming a probable double bottom around the 1.0275 area, with bigger time frames pointing from some upside continuation for next hours. To confirm such movements, pair should break above 1.0320; still bearish outlook remains intact, and corrective movements should remain under 1.0400.
Support levels: 1.0275 1.0255 1.0210
Resistance levels: 1.0320 1.0365 1.0390
