Currency Majors Technical Perspective
International Trading
EUR/USD Current Price: 1.2851
View Live Chart for the EUR/USD
Still above 1.2830, pair seems ready to regain the upside after a limited and deserved corrective movement still capped under 20 SMA around 1.2860 static resistance area in the hourly chart. Indicators are slowly heading north, yet far from signals right now, while bigger time frames show indicators exhausted to the upside; that’s why only a strong acceleration above 1.2860 is needed to see the pair extend gains today.
Support levels: 1.2830 1.2800 1.2770
Resistance levels: 1.2860 1.2885 1.2920 GBP/USD Current Price: 1.5334
View Live Chart for the GBP/USD (Select the currency)
Market continues liquidating greenback thus Pound remains indifferent to the moves: still hovering around 1.5400, lack of direction extends again today, with a slightly bullish tone according to hourly charts yet with no clear confirmations; bullish spikes had failed to hold above 1.5420730 static resistance area, also 200 EMA in the hourly chart. Base remains around 1.5320/30 area, while gains above 1.5480 are not seen today.
Support levels: 1.5370 1.5330 1.5290
Resistance levels: 1.5430 1.5470 1.5520USD/JPY Current Price: 83.31
View Live Chart for the USD/JPY (select the currency)
Having reached a fresh 15-year low just above 83.00, and holding under 83.35 static resistance zone, pair remains bearish in almost any possible time frame above 1 hour, leaving the dominant trend intact. Hourly chart shows indicators flat while price contained by a slumping 20 SMA. Consolidating recent gains, further falls under today’s low suggest an approach to 82.00 area in the upcoming sessions.
Support levels: 83.06 82.80 82.40
Resistance levels: 83.35 83.60 83.90 USD/CHF Current Price: 1.0038
View Live Chart for the USD/CHF (select the currency)
Having tested parity, USD/CHF bearish momentum persist: hourly indicators failed to extend above their midlines and are slowly turning back south, while price action is capped under 20 SMA; 4 hours chart shows a strong bearish momentum, suggesting further falls as long as under 1.0065 previous low.
Support levels: 1.0020 0.9970 0.9930
Resistance levels: 1.0065 1.0110 1.0140
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