EUR/USD
Undergoes near-term consolidation after hitting fresh low at 1.4020 overnight. Upside for now, remains capped by 1.4085, today’s high and 1.4115, 20 day MA on 4-hour chart. Further easing through 1.4010, 61.8% retracement of 1.3867/1.4247 upleg, then 1.3980, 18/17 Mar lows.
Res: 1.4080, 1.4115, 1.4155, 1.4175
Sup: 1.4020, 1.4010, 1.4000, 1.3980
GBP/USD
Extends reversal from 1.6400 after today’s short consolidation above 1.60, to breach key short-term support at 1.5959, with 1.5935 seen so far. Oversold 4-hour conditions suggest correction, with 1.6059/1.6170 barriers expected to hold. Fresh weakness would likely look for test of 1.5820, 31 Jan low and 1.5750, 25 Jan low / 200 day MA on daily chart.
Res: 1.6021, 1.6033, 1.6056, 1.6088
Sup: 1.5971, 1.5935, 1.5870, 1.5820
USD/JPY
Bounces higher from past week narrow consolidation range to break above 81.31 range ceiling, posting fresh one week high at 81.83, just ahead of key near-term barrier at 82.00, 18 Mar recovery high, clearance of which is needed to resume current recovery attempt, to focus 82.45, then 83.29, 14/11 Mar highs. Range bottom at 80.70 underpins the advance for now.
Res: 81.83, 81.98, 82.45, 82.60
Sup: 80.18, 81.00, 80.86, 80.69
USD/CHF
Maintains positive tone after clearance of 0.9122/39, previous high/15 Mar low and 0.9200 barrier, to test 0.9232 so far. Near-term studies remain supportive for fresh gains towards 0.9310 and key short-term resistance at 0.9367, break of which is required to signal recovery under way. However, rally may be interrupted by corrective pullback on overbought conditions. 0.9120 offers initial support.
Res: 0.9232, 0.9250, 0.9310, 0.9367
Sup: 0.9175, 0.9120, 0.9075, 0.9050
Undergoes near-term consolidation after hitting fresh low at 1.4020 overnight. Upside for now, remains capped by 1.4085, today’s high and 1.4115, 20 day MA on 4-hour chart. Further easing through 1.4010, 61.8% retracement of 1.3867/1.4247 upleg, then 1.3980, 18/17 Mar lows.
Res: 1.4080, 1.4115, 1.4155, 1.4175
Sup: 1.4020, 1.4010, 1.4000, 1.3980
GBP/USD
Extends reversal from 1.6400 after today’s short consolidation above 1.60, to breach key short-term support at 1.5959, with 1.5935 seen so far. Oversold 4-hour conditions suggest correction, with 1.6059/1.6170 barriers expected to hold. Fresh weakness would likely look for test of 1.5820, 31 Jan low and 1.5750, 25 Jan low / 200 day MA on daily chart.
Res: 1.6021, 1.6033, 1.6056, 1.6088
Sup: 1.5971, 1.5935, 1.5870, 1.5820
USD/JPY
Bounces higher from past week narrow consolidation range to break above 81.31 range ceiling, posting fresh one week high at 81.83, just ahead of key near-term barrier at 82.00, 18 Mar recovery high, clearance of which is needed to resume current recovery attempt, to focus 82.45, then 83.29, 14/11 Mar highs. Range bottom at 80.70 underpins the advance for now.
Res: 81.83, 81.98, 82.45, 82.60
Sup: 80.18, 81.00, 80.86, 80.69
USD/CHF
Maintains positive tone after clearance of 0.9122/39, previous high/15 Mar low and 0.9200 barrier, to test 0.9232 so far. Near-term studies remain supportive for fresh gains towards 0.9310 and key short-term resistance at 0.9367, break of which is required to signal recovery under way. However, rally may be interrupted by corrective pullback on overbought conditions. 0.9120 offers initial support.
Res: 0.9232, 0.9250, 0.9310, 0.9367
Sup: 0.9175, 0.9120, 0.9075, 0.9050