Majors are narrow trading throughout the currencies market since investors continued to close their positions ahead of the New Year. The euro gained slightly against the green currency in today's Asian session, while the pound and the yen are consolidating.
The euro dollar pair inclined recording a high of 1.4372 and a low of 1.4336, having the pair trading around 1.4365. The euro breached the resistance level of 1.4340 and now it is targeting the 1.4430 levels and momentum indicators on the four hour charts are supporting the upside. However, the pair is having a support at 1.4310 along with a resistance at 1.4400.
Regarding the pound dollar pair, it is consolidating between 1.6090 and 1.6040 recording a high of 1.6086 and a low of 1.6048, and the pair is currently trading around 1.6075. The pair is in an attempt to climb to the 1.6180 and it is having a support at 1.6010 along with a resistance at 1.6120. However, the daily stochastic oscillator is supporting the upside that is giving a chance for the pair to rally.
Finally, the dollar yen pair is consolidating today after inclining in the past three days. The pair is consolidating between 92.70 and 92.20, recording a high of 92.60 and a low of 92.29, while the pair is currently trading around 92.45. Today's support could be found at 92.10, while the resistance could be found at 92.85. Yet, Fundamentals concerning jobless claims and house prices in the U.S will be released today that may move the market.