EUR/USD Current price: 1.4985

e


Pair remains ranging despite spikes seen after late U.S. session Bernanke’s comments, yet with a clear bullish perspective for next hours. With hourly indicators flat, the bias is favored not only by rising gold and stocks, yet also by bigger time frames indicators: 4 hours charts remain bullish, so pair needs to confirm above 1.5020 static resistance area, to extend the rally above1.5062, yearly high.


Support levels:  1.4950 1.4920 1.4880


Resistance levels: 1.5010 1.5060 1.5100

GBP/USD Current price: 1.6833

g


Pound continues struggling around the 50% retracement of the monthly fall from 2.0150 to 1.3502, with hourly indicators showing some signs of exhaustion at this point, yet with the downside seen quite limited.  20 SMA with a strong bullish slope as well as bigger time frames indicators, support further rises in the pair, and an acceleration likely to take place if the pair manages to confirm above the 1.6840 area.


Support levels: 1.6810 1.6740 1.6690 


Resistance levels:  1.6840 1-6880 1.6930


USD/JPY Current price: 88.92

y


Dollar weakness has pushed Japanese yen to the upside, now breaking lower after past week tight range. Barely above the 88.80 support area, clear break under it will put the pair under further pressure, and send it to retest the 88.20 lows. 4 hours charts indicators support the bearish bias for next hours.


Support levels88.80 88.20 87.60


Resistance levels: 89.40 89.70 90.00


USD/CHF Current price: 1.0068

c


Bias has no change: pair remains strongly bearish and approaching to parity, contained in the hourly by the 20 SMA acting as dynamic resistance. Bigger time frames show the same picture, so an approach and temporal break under parity seems likely for the next hours. Watch for some acceleration under parity, and a test of the 0.9920 zone


Support levels: 1.0030 0.9980 0.9922


Resistance levels: 1.0100 1.0130 1.0165