EUR/USD Current price: 1.3512
Despite worse than expected data in the U.S. pair failed to extend the upside, and current candle opening tuned hourly indicators slightly down; 20 SMA remains bearish thus there are still chances of an upside correction as long as the pair holds above 1.3500 area. 4 hours charts, support such upside corrective movement, as after past sessions fall, indicators seem exhausted and pointing for an at least short leg up.
Support levels: 1.3500 1.3480 1.3445
Resistance levels: 1.3535 1.3560 1.3600
GBP/USD Current price: 1.5416
Back above 1.5400, pair seems ready to extend upside correction, thus better confirmations come above 1.5420 area, where strongly bearish 20 SMA will likely act as dynamic resistance. However, general trend remains strongly bearish due to last FED surprise movement yesterday. 4 hours charts also support a slightly bullish continuation ahead, having reached extreme levels early Europe.
Support levels: 1.5410 1.5360 1.5320
Resistance levels: 1. 5490 1.5530 1.5570
USD/JPY Current price: 91.79
Capped at the upside by daily 200 SMA around 92.35, pair is moving inside a consolidation triangle, continuation figure, clear in the hourly chart. U.S. disappointing data spike was not enough to send the pair lower, and pair lost bearish momentum from early Europe. Still above 20 SMA with a strong bearish slope, an acceleration above 91.00/05 area, roof of mentioned triangle should send the pair to test mentioned 200 DMA at 92.30/40 area. Confirmations above that level, will mean further rises in the pair for next week.
Support levels: 91.60 91.20 90.80
Resistance levels: 91.05 91.35 91.70
USD/CHF Current price: 1.0845
With hourly indicators looking slightly bearish, pair seems to have completed a downside corrective movement, and general dollar positive sentiment keeps the downside limited at this point. 20 SMA strongly bullish, and 1.0800 support will be key: as long as both hold, seems chances are of another upside run if the pair manages to regain the 1.0855 area. On contrary, under 1.0800 corrective movement could extend further today yet not seen at this point.
Support levels: 1.0830 1.0800 1.0770
Resistance levels: 1.0855 1.0890 1.0920
