| by Tim Salem FXstreet.com Independent Analyst Team
EUR/USD Current price: 1.3986
Pair downside pressure sends it to test the ascendant trend line
around 1.3945, where the pair quickly rebound to the upside. With
indicators pointing for further loses and price under 20 SMA and 200
EMA in the hourly, pair needs to break above 1.4040 resistance zone to
regain bullish strength. Break under the ascendant trend line dynamic
support, could trigger some sells in the pair, not clear at this point.
Support levels: 1.3950 1.3910 1.3852
Resistance levels: 1.4000 1.4040 1.4090
GBP/USD Current price: 1.6451
Still quite bullish and moving in an ascendant channel, thus
indicators seem a bit exhausted to the upside both in 1 and 4 hours
charts. Capped by 1.6500, clear break above that level is needed to see
the pair gain upside momentum, with next resistances at 1.6547 and
1.6610. To the downside, supports will lie at 1.6400, the 20 SMA close
to the base of the channel at 1.6390. Clear candle opening under that
line and 20 SMA could trigger some sells with next support at 1.6360.
Support levels: 1.6430 1.6400 1.6360
Resistance levels: 1.6500 1.6547 1.6610
USD/JPY Current Price 98.14
Pair is regaining the upside thus needs to confirm a break above a
short term descendant trend line at the very close 98.32 zone, that
failed to break after U.S. reports spike. Above that level, next strong
resistance zone will come at the 98.70 zone, a longer term descendant
trend line. Above that, consider 99.10 as immediate resistance zone.
Indicators in the hourly have turned to the downside, but 20 SMA seems
to be acting as dynamic support. Candle opening under that level,
around 98.00 could expose the downside.
Support levels: 98.00 97.65 97.20
Resistance levels: 98.32 98.70 99.10
USD/CHF: Current Price: 1.0787
Pair remains range bound yet tending lower. Bigger time frames also
point for further losses, that could be trigger once 1.0750 static
support gives up. Bearish indicators and price under the 20 SMA support
the view.
Support levels: 1.0750 1.0720 1.0680
Resistance levels: 1.0810 1.0850 1.0890
NOTE: when not detail, supports and resistance levels reflect past session candles minimums or maximums congestion zones.
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