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The break above 1.4535 was the trigger for longs to enter the market yesterday and it shoot up from there as the Fed cut rates by 75 BP. For today, resistance is up at 1.4740 and support coming at 1.4450 (rising trend line). Euro needs to stay above 1.4520 level to keep the bullish momentum going today.
Support: 1.4520, 1.4450 (key rising sup)
Resistance: 1.4740 (key level), 1.4920, 1.4967 and 1.5000
240 min â€“ Falling resistance coming in at 1.4620.
Technically still looking weak below 1.9670 falling resistance and the overnight approach of this level was probably as very good short set up and would look to sell on any approach of 1.9650 today with stop above 1.9675. Have another falling resistance at 1.9762 as well.
Support: 1.9337 (key Jan low), 1.9310
Resistance: 1.9670 (swing level and falling res), 1.9762 (falling res), 1.9875 (falling res), 1.9926 (falling res), 2.0170 (Key level)
120 min â€“ Falling resistance at 1.9670 that needs to be taken out to move higher.
Some resistance coming in at 1.1054 (falling res) today. Now looks like 1.1040-60 is an attractive area to get short with a tight stop.
Support: 1.0880, 1.0840 (overnight low)
Resistance: 1.1054 (falling res), 1.1120, 1.1205(former support level), 1.1350(former support), 1.1503 and 1.1596 (key falling resistance)
120 min- 1.0850 support today.
Resistance line coming in at 107.50 that traders used as a selling level overnight and support now is at 105.50 followed by 105.10. The key level to watch is 108.10 and a break here would be a bullish signal. But watch stocks for further direction in USDJPY as any recovery in the stock market will see the USDJPY go higher and a break of 108.10 is bullish.
Support: 105.50 (key level), 104.95
Resistance: 107.50 (falling res), 107.92 (key level), 110.00, 110.70, 112.80 (key level) 114.60 (key level), 114.73 (reaction high 11/7-07)
Raced higher after the Fed rate cut as equity markets rallied yesterday. Looks like the 155.25 is the pivot level and any move across this level seems good for larger moves. Falling resistance coming in at 158.88 today and any approach of this level looks like an attractive short trade.
Support: 152.78, (long term rising trend line), 155.25 swing level
Resistance: 157.75, 158.88(falling res from the Dec highs)
As anticipated the at 1.0375-80 resistance level held up yesterday and a short trade up there was the thing to look for. Would continue to play this trend channel until we get a clear break out of it. For today 1.0079 is support and 1.0380 is resistance, so that looks like the range to play for now.
Support: 1.0079 (rising support from low), 0.9830 (key level), 0.9703 (1 month low)
Resistance: 1.0376 (key level, overhead res), 1.0400(former key support.)
Still bullish potential as long as 0.7420 support holds.
Support: 0.7420, 0,7350, 0.7232 (rising support)
Resistance: 0.7540 (break down level from yesterday), 0.7612 (all time high)
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