The euro and the pound gained against the green currency in today's Asian session to offset Friday's sharp decline that followed fundamentals from the U.S showing unemployment declining to 10.0%. On the other hand, the yen inclined against its American counterpart ahead of the announcement of the government's new aid package.
The euro dollar pair inclined recording a high of 1.4904 and a low of 1.4850, having the union currency trading around 1.4995. The pair dropped from the 1.5060 levels back to the 1.4845 levels on Friday and today it is taking a correctional move to the upside. Today's resistance could be found at 1.4925, while the support could be found at 1.4840, and the pair is expected to show further gains according to the four hour momentum indicators. If the pair breached the resistance it will target 1.4985 from where it may climb to the 1.5030 levels.
Regarding the pound dollar pair, it gained recording a high of 1.6505 and a low of 1.6453, having the pair trading around 1.6505. The pair is having a resistance at 1.6565 along with a support at 1.6410, and if the resistance was breached, the pair will jump to the 1.6600 levels. However, the pair is trading in an oversold area according to the four hour momentum indicators.
Finally, the dollar fell slightly against the Japanese yen recording a low of 89.75 and a high of 90.18, and the pair is currently trading around 90.00. The pair is having a support at 89.50 along with a resistance at 90.45. The four hour stochastic oscillator is supporting the downside, so we may see the pair breaking the support and falling back to the 89.00 levels from where it may decline to 88.60.