EUR/USD Current price: 1.4964
Despite a new failure attempt to break above 1.5000, pair holds close to daily highs and above 1.4930, past Friday’s high and first support level to consider for the next hours. With strong stocks gains, risk appetite likely to extend during current session pushing the pair higher, with 1.5000/20 as key level to watch to the upside, as only clear confirmations above that level could trigger some upside momentum in the pair. In the mid time, hourly indicators had turned slightly bearish while 4 hours charts ones had lost upside strength. Only a break under 1.4880 support will discourage risk sentiment and trigger further falls in the pair.
Support levels: 1.4930 1.4900 1.4880
Resistance levels: 1.5020 1.5060 1.5100
GBP/USD Current price: 1.6612
Trapped around 1.6600, current movement could be consider corrective as long as under the 50% retracement of the last daily fall (1.6823/1.6459) currently around 1.6660; recent candle opening under the 38.2% of mentioned rally, keeps current upside movement as corrective, supported also by hourly indicators that had turned to the downside after price toped at the 200 EMA. Bigger time frames also show lack of upside strength, so break under 20 SMA now around 1.6590 and confirmations under that level, would likely trigger some downside extension during next hours.
Support levels: 1.6585 1.6550 1.6520
Resistance levels: 1.6660 1.6700 1.6740
USD/JPY Current price: 89.02
Still fighting the 89.00 level, pair remains barely above it after reaching an intraday high of 89.18. Range bound with no clear bias, indicators had turned slightly bearish as well as 4 hours ones, suggesting the upside will remain limited. Daily descendant trend line today comes around the 89.50 area, and only a clear acceleration above that level, could revert current general bearish sentiment. To the downside, pair has set fresh 6 weeks lows, yet unable to trigger a follow through, despite several attempts under 88.80. Watch for a clear break and acceleration under 88.50 to extend the downside in the pair.
Support levels: 88.80 88.50 88.20
Resistance levels: 89.15 89.50 89.85
USD/CHF Current price: 1.0096
Still unclear pair remains ranging in 200 pips from 1.0030 lows to 1.0230 highs, with no clear definitions in between. Slightly bullish in the hourly, break above 1.0130 could trigger some upside continuation with immediate resistances at 1.0165 and 1.0200, while pair needs to clearly overcome the 1.0240 area, to extend the rally. To the downside, break under 1.0030 yearly low seems unlikely at this point thus if pair manages to do so, expect a test of the 0.9980 level before a rebound above parity.
Support levels: 1.0070 1.0030 0.9980
Resistance levels: 1.0130 1.0165 1.0200
