EUR/USD Current price: 1.4292
Testing the base of the ascending small daily channel mostly a flag, pair continues pushing lower after Canada employment data disappointed and dragged dollar higher across the board. Bearish both in 1 and 4 hours charts, confirmations under 1.4270 could accelerate Euro sell off if U.S. data comes out better than expected. 1.4365 is key resistance level to watch for further rises if pair chooses the other way.
Support levels: 1.4270 1.4220 1.4180 1.4130
Resistance levels: 1.4335 1.4365 1.4400 1.4440
GBP/USD Current price: 1.5996
After regaining some upside momentum on higher inflation readings in the U.K. pair reached overbought conditions in the hourly still under 1.6060 key resistance level. Slightly bearish in the hourly chart yet strongly bullish in 4 hours ones, price is above both time frames 20 SMA so we need a clear acceleration under 1.5920 to see the pair extending the downside. Above 1.6060 chances are of further rises, and a test of the 1.6160 level, daily descendant trend line coming from 1.64.
Support levels: 1.5965 1.5920 1.5860 1.5820
Resistance levels: 1.6000 1.6060 1.6160 1.6190
USD/JPY Current price: 93.25
Practically unchanged since last updates, pair remains consolidating above the 93.00 level, after testing the 200 SMA in the daily chart past Asian session. Still capped under strong 93.40 area, where we place a daily descendant trend line coming from past year high around 101.43, acceleration above that level likely to trigger further gains in the pair, as general bias remains bullish.
Support levels: 93.00 92.60 92.20 91.80
Resistance levels: 93.40 93.80 94.20 94.50
USD/CHF Current price: 1.0367
Pair regained some upside strength in the past hours, breaking above 1.0365 resistance area, yet still with no confirmations here. Slightly bullish as above 20 SMA in the hourly chart also in 4 hours one, indicators remain flat after past days’ lateralization. Watch for a confirmation above current area to see the pair extending the upside, while lost of 1.0320 support likely to signal further falls ahead for next week.
Support levels: 1.0365 1.0320 1.0280 1.0240
Resistance levels: 1.0400 1.0440 1.0485 1.052
