EUR/USD Current price: 1.4885
Regaining the upside after U.S. jobless claims come unchanged, hourly indicators show pair is currently correcting oversold conditions, still under 20 SMA and 200 EMA that would offer some resistance around 1.4910. 4 hours charts indicators remain bearish, so as long as the pair remains under 1.4940, chances of further rises seem limited for today; stocks and gold as usual will lead the way.
Support levels: 1.4880 1.4840 1.4810
Resistance levels: 1.4910 1.4949 1.4990
GBP/USD Current price: 1.6645
Pound reached the 1.6610 area and started a short term recovery, still capped by current 1.6640/60 strong static resistance area. Far under 20 SMA in the hourly, that holds a strong bearish slope, corrective movements should remain capped under 1.6740, to keep bigger time frames bearish bias intact.
Support levels: 1.6610 1.6580 1.6520
Resistance levels: 1.6660 1.6710 1.6740
USD/JPY Current price: 88.68
Breaking lower, pair is hitting fresh 6-week lows at current levels; with hourly indicators supporting further falls, a test of the 88.20 support zone seems likely for next hours, supported also by bigger time frames indicators. If the last gives up, next key level to watch will be 100 pips under, the 87.15 yearly lows. Pair needs to regain at least the 89.40 resistance area, to change the view.
Support levels: 88.20 87.60 87.15
Resistance levels: 89.00 89.40 89.70
USD/CHF Current price: 1.0159
As expected, the 1.0200 strong static area halted the upside rally in the pair, leaving hourly indicators in overbought conditions and triggering current downside corrective movement. With 20 SMA still with a bullish slope, and 4 hours indicators pointing to the upside, a recovery is likely for next hours, as long as the pair remains above the 1.0130 support zone.
Support levels: 1.0130 1.0100 1.0060
Resistance levels: 1.0165 1.0200 1.0240
