FXstreet.com (Barcelona) - At the beginning of Asian session, dollar is holding gains against major rivals. In a day with no fundamental data, equity markets and stock futures again lead the way. Stock fell in all three mayor sessions pushing dollar higher across the board.
The Gbp has been the biggest loser and remains under selling pressure after news that the U.K. government is extending bad-debt guarantees to Lloyds Bank, while greenback continues rising on concerns about the global economy and financial system.
EUR /USD - Euro is little changed from prior levels, and remains in last days range. Technical perspective remains bearish for the pair, that's quoting above the 1.2600 zone; consider resistances at 1.2660 zone, followed by 1.2710 and 1.2780 zone, roof of the daily descendant channel. Under 1.2600, supports will be at 1.2555, 1.2520 and 1.2490.
GBP/USD - After falling almost 500 pips, 4 hours indicators are suggesting some upside correction, yet the pair seems to don't have strength enough. Previous lows could be tested before some major correction develops. Consider supports at 1.3780, 1.3720, 1.3665 and 1.3605. Resistances for the next hours will be at 1.3860, 1.3905, 1.3946 and the 1.4000 zone.
USD/JPY - Still bullish, the pair is just holding above the 99.00 zone. Technical indicators also support a bullish continuation for the pair, so consider resistances at 99.20, 99.67, the 100.00 zone and above 100.54. Supports on the other hand will be at 98.67, 98.20, 97.78 and 97.42.