During the first session of the year's last week's trading, the Japanese yen rose against its major counterparts, and now is trading near its highest in three weeks, on expectations indicating that the economic growth will persist in a mild pace after China increased its interest rates for the second time during the year.
The euro/dollar pair rose during today's Asian session and now the pair trades around 1.3125, recording a high of 1.3130 and a low of 1.3077. The pair now faces a resistance at 1.3155, where the daily and four hours momentum indicators show the pair in an oversold area, which will support the pair's incline.
Turing to the pound/dollar pair, it traded in a narrow range during the Asian session around 1.5413, recording a high of 1.5423 and a low of 1.5397. The pair now faces a resistance at 1.5460 then at 1.5500. The daily and four hours momentum indicators support the pair's incline since it reached an oversold area.
The dollar/yen pair declined today, while the pair trades around the level 82.80, recording a low of 82.79 and a high of 82.96. The pair faces a support at 82.55; meanwhile momentum indicators show the pair in an oversold area.