EUR/USD Current price: 1.4986
Quoting at daily highs, pair has break above the daily descendant trend line, pointing for further gains during next American session, supported also by record prices in gold; hourly charts show pair even completed a pullback to mentioned trend line, suggesting a test of 1.5020 ahead of 1.5062 this year high during next hours. Despite hourly indicators seem a bit over extended to the upside, 4 hours charts confirm the bias. Expect downside corrections to remain limited, by strong dollar negative sentiment.
Support levels: 1.4970 1.4930 1.4900
Resistance levels: 1.5020 1.5060 1.5100
GBP/USD Current price: 1.6635
Strong Pound recovery was halted by both 200 EMA in the hourly and 20 SMA in 4 hours charts, still consolidating at daily highs, hourly indicators seem a bit exhausted yet pair could extend easily above the 1.6600 zone as bigger time frames point for more wins. Watch for a confirmation above 1.6660, to trigger further upside strength.
Support levels: 1.6660 1.6700 1.6740
Resistance levels: 1.6600 1.6550 1.6520
USD/JPY Current price: 88.80
Still under 89.00, pair made another failed attempt to break lower and quickly returned to current zone yet bearish pressure seems quite clear as the pair keeps printing lower lows. Hourly indicators remain bearish, and a retest of the 88.20 area seems likely under today’s low of 88.55m, first support to consider from current levels. Daily close above 89.70 could take some pressure away of the strongly bearish perspective, thus not seen likely at this point.
Support levels: 88.60 88.20 87.75
Resistance levels: 89.10 89.40 89.70
USD/CHF Current price: 1.0074
Back to the downside, pair lost the 1.0100 level, suggesting a retest of the yearly low around 1.0030 in the next hours, as technically pair remains strongly bearish. Bigger time frames support the bias, despite oversold in the hourly chart, so expect upside movements to remain limited and corrective.
Support levels: 1.0060 1.0030 0.9980
Resistance levels: 1.0100 1.0130 1.0165
