EUR/USD Current price: 1.0659
Support levels: 1.0630 1.0590 1.0550
Resistance levels: 1.0680 1.0715 1.0750
GBP/USD Current price: 1.5199View Live Chart for the GPB/USD
The GBP/USD pair fell down to 1.5153, a fresh weekly low, bouncing then up to the 1.5210 region on the back of mixed inflation data. In the UK, the Consumer Prices Index fell by 0.1% in the year to October 2015, matching expectations, whilst compared to a month before, inflation was up by 0.1%. The wholesale inflation however, fell in the same period, although less than in September. The pair's recovery, however, stalled around its daily opening and a strong resistance region, the 38.2% retracement of its latest decline and the 20 SMA in the 4 hours chart. Shorter term, the 1 hour chart shows that the price is holding above a mild bearish 20 SMA, while the technical indicators have turned lower, but remain around their mid-lines, lacking clear directional strength. In the 4 hours chart, the technical indicators also present a neutral stance, with only a downward acceleration below 1.5160 suggesting a bearish continuation for this Tuesday.
Support levels: 1.5160 1.5120 1.5070
Resistance levels: 1.5215 1.5265 1.5310
USD/JPY Current price: 123.30View Live Chart for the USD/JPY
Consolidating gains. The USD/JPY pair holds to its recent gains, but remains within a limited intraday range, which erased any possible sign of strength in the technical readings. The 1 hour chart shows that the price is still well above its 100 and 200 SMAS, while the Momentum indicator is barely turning higher around its 100 level and the RSI indicator heads north around 58, just enough to keep the downside limited in the short term. In the 4 hours chart, the technical indicators are resuming their advances well above their mid-lines, in line with the shorter term view. Nevertheless, the pair needs to break above 123.55, last week high, to be able to extend its rally during the upcoming hours.
Support levels: 122.80 122.30 122.00
Resistance levels: 123.55 123.90 124.40
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