After reaching a fresh weekly high at 1.3866 after US NFP release, the pair is losing ground amid lower stocks. Data was not good, neither bad, yet lower stocks favor greenback recoveries. Hourly chart is showing indicators around their midlines showing not much direction, while prices accelerates lower below 20 SMA. 4 hours chart shows price approaching 20 SMA barely below current price: a clear break below it, may push the pair towards 1.3710 area over the upcoming hours, if risk sentiment continues leading the way.
Support levels: 1.3755 1.3710 1.3660
Resistance levels: 1.3780 1.3820 1.3850
Lower in range, the GBP/USD trades still around 1.6000, having been limited to the upside by 1.6040 static resistance zone. Hourly chart shows a shy bearish tone as per indicators heading lower below their midlines and price contained by 20 SMA. 4 hours chart shows no much more definitions as the pair has been trading in range, and finding support in a flat 20 SMA in the 4 hours chart around 1.5970. Only a clear break below this last may put further selling pressure on the pair.
Support levels: 1.5970 1.5920 1.5870
Resistance levels: 1.6040 1.6080 1.6120
The USD/JPY jumped the amazing amount of 20 pips with US data, trading as usual as if not trading at all. Steady around the 38.2% retracement of post intervention bullish run, the hourly chart remains totally flat with momentum unable to move from the 100 level. 4 hours chart shows the exact same picture. Stay away from USD/JPY.
Support levels: 77.80 77.45 77.20
Resistance levels: 78.35 78.60 79.00
Steadily higher, the Swiss franc is weakening today and rumors had circulated about some help from the SNB, although not confirmed. Hourly chart shows an increasing bullish pressure with momentum heading higher and price approaching 0.8940 strong Fibonacci resitance zone that may halt current gains. Despite 4 hours chart are also bullish, 0.9000 seems to be tops for today if for some reason the pair continues rising.
Support levels: 0.8845 0.8800 0.8770
Resistance levels: 0.8900 0.8940 0.8990
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