Majors consolidated against the greenback in today's Asian session, after they declined yesterday. Today, we may see further declines as investors still target low yielding currencies. The U.S economy will release today the weekly Initial Jobless Claims, expected to show a reading of 460K compare with the previous reading of 469K, also trade balance for the month of January will be published today.

The euro dollar pair is consolidating between the high of 1.3653 levels and the low of 1.3628 levels, while it is currently trading around 1.3630. The most important level for the euro dollar pair to break is located at 1.3600 levels, which could open the way for the pair to reach 1.3480 areas that makes us expect consolidated movements during this week especially with momentum indicators on the daily scale supporting the neutral movements for the pair. However, today's trading range should be between 1.3666 levels and 1.3485 levels.

The pound dollar pair almost didn't move as it recorded a low of 1.4947 and a high of 1.4987, having the royal currency trading around 1.4950. The pair is in an attempt to breach the 1.4900 levels then target the 1.4850 levels, and the pair is heading towards the oversold area according to the daily stochastic oscillator. The pair is having a support at 1.4900 along with a resistance at 1.5069.

Finally, the dollar yen pair is trading between a high of 90.50 and a low of 90.20, while the pair is currently trading around 90.40. Today's support could be found at 89.90, while the resistance could be found at 91.14, and the pair is trading in the overbought area according to momentum indicators on the daily charts.