EUR/USD Current price: 1.4776
Pair and market in general, is moving in tight ranges waiting for the FOMC. After reaching a fresh year high early Asia at 1.4840 after NZD GDP report, that triggered more risk appetite (almost extreme at this point) across the board, pair retreat back to the 1.4800 area. Slightly bearish in the hourly and under 20 SMA, bigger time frames support some downside correction ahead, yet pair needs at least to break under 1.4730 to trigger more bearish momentum. As long as above that level, 20 SMA in 4 hour charts, chances remain to the upside.
Support levels: 1.4765 1.4730 1.4680
Resistance levels: 1.4840 1.4866 1.4910
GBP/USD Current price: 1.6417
As expected, after BOE leaved their monetary policy unchanged, pair regained the upside, and broke the 61.8% retracement of the last down leg around 1.6400, now first support to consider for next hours. Indicators had turned to the downside in the hourly, yet far from giving any clear signal, while bigger time frames also show exhaustion in indicators, with price capped under the 200 EMA. Only above 1.6520 pair could resume uptrend. Under 1.6360 area, further loses could be seen ahead.
Support levels: 1.6400 1.6360 1.6320
Resistance levels: 1.6445 1.6480 1.6520
USD/JPY Current price: 91.37
Pair pullback to the roof of the descendant channel broke a couple of days ago, and quickly regained the upside; slightly bullish in 1 hour charts, yet firmer in 4 hours one, bias is to the upside, if pair manages to overcome the 91.50 area, first resistance to consider and 20 SMA in 4 hours charts. Candle opening above that level could confirm an upside continuation to the 93.00 zone.
Support levels: 91.10 90.80 90.40
Resistance levels: 91.50 91.85 92.20
USD/CHF Current price: 1.0240
Consolidating in a tight range, pair has no clear bias coming from hourly indicators, while bigger time frames suggest some upside corrective movement ahead. Still, bearish trend due to dollar negative sentiment persist. Only above 1.0320 pair could change current perspective for the next sessions.
Support levels: 1.0210 1.0165 1.0120
Resistance levels: 1.0250 1.0280 1.0320
