The Yen continued to gain versus all its major counterparts, where there is an increasing investor's demand on safe assets such as the yen, especially before the report forecast that will release today to show the U.S. gross domestic product, showing the growth slowed during the second quarter.
The euro rose slightly against the dollar and the Yen during the Asian session in a correctional movement to reach a support at 1.2780 and the pair is trading near of its closing level during yesterday. The euro/dollar recorded today a high of 1.2715 and a low of 1.2691, and now is trading around 1.2714. The pair is trading in an oversold area according to the four hours and daily momentum indicators, which is supporting the pair to reach resistance at 1.2780.
Also the pound rose slightly against the dollar and the Yen during the Asian session, and today the pair continues its upside movement, recording a high of 1.5534 and a low of 1.5513, and now it trades around 1.5516. The daily momentum indicators show the pair is trading within and oversold area. The support at 1.5360 stopped the pair from extending its decline, inverting its movement to the upside, facing a resistance at 1.5580.
The dollar/yen pair which inclined today, recording a low of 84.26 and a high of 84.55, and now it trades around 84.49. The daily and four hour momentum indicators support the pair upside movement, which might be pushed towards the support 84.80.