EUR/USD
The pair exited the main descending channel with a steady breach for its main resistance at 1.3665 activating the morning suggested scenario. Our expectations remain intact but negative signs on Stochastic could impede the expected move.
The trading range for today is among the key support at 1.3430 and the key resistance at 1.3800.
The general trend is to the upside if we do not witness a daily close below 1.3485 with targets at 1.5150.
Support 1.3600 1.3525 1.3485 1.3430 1.3360
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Resistance 1.3665 1.3700 1.3735 1.3800 1.3835
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Recommendation Based on the charts and explanations above our opinion is buying the pair with the breach of 1.3665 targeting 1.3800 and stop loss below 1.3600, might be appropriate.
GBP/USD
The pair succeeded in breaching the neckline for the technical pattern mentioned in our morning report, which activated the suggested scenario for a possible bullish intraday trend. We are nearing the initial target, while noting that 1.4850 should remain intact for the bullish move to prevail.
The trading range for today is among the key support at 1.4795 and the key resistance at 1.5195.
The general trend is to the upside as far as 1.4850 remains intact with targets at 1.7000.
Support 1.4990 1.4900 1.4850 1.4795 1.4730
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Resistance 1.5100 1.5145 1.5195 1.5230 1.5270
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Recommendation Our morning expectations remain valid
USD/JPY
The pair is gradually preparing to attack the pivotal resistance awaited at 90.60, accompanied by partial relief of negative momentum. We hold onto our morning expectations awaiting the expected bullish intraday direction, towards morning set targets, that requires trading to remain above 90.00.
The trading range for today is among the key support at 88.70 and the key resistance at 91.60.
The general trend is to the downside as far as 101.65 remains intact with targets at 82.60.
Support 90.00 89.65 89.35 88.70 88.20
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Resistance 90.60 91.20 91.60 92.15 92.40
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Recommendation Based on the charts and explanations above our opinion is buying the pair with the breach of 90.60 target 91.60 and stop loss below 90.00, might be appropriate.
USD/CHF
The pair managed to build a base on 1.0715 resistance to start its awaited descend, where we expect more bearish intraday movement where primary targets start at 1.0605. It is vital that the four-hour closings remain below 1.0740.
The trading range for today is among the key support at 1.0515 and the key resistance at 1.0850.
The general trend is to the downside as far as 1.1095 remains intact with targets at 0.9910.
Support 1.0645 1.0605 1.0560 1.0515 1.0460
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Resistance 1.0715 1.0795 1.0825 1.0850 1.0895
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Recommendation Our morning expectations remain valid
USD/CAD
The pair is gradually nearing the resistance for the descending channel, shown in our morning reports, at 1.0300 and accompanied by Stochastic about to enter overbought areas; this supports our morning expectations for a bearish overall intraday trend that targets 1.0210 then 1.0170. Breaching 1.0300 might delay the targets.
The trading range for today is among the key support at 1.0170 and the key resistance at 1.0365.
The general trend is to the downside as far as 1.0780 remains intact with targets at 1.0000.
Support 1.0210 1.0170 1.0150 1.0080 1.0000
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Resistance 1.0300 1.0365 1.0405 1.0475 1.0500
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Recommendation Based on the charts and explanations above our opinion is selling the pair from 1.0300 targeting 1.0210 and stop loss above 1.0365, might be appropriate.
