So far pessimism is spread throughout the currencies and stocks market as a result of growing and persisting fears expanding on the Japanese since that the country's nuclear power plant damaged by last week's earthquake will leak radiation which is shaping overall trading along with technical movements that are currently taking place.
As a result, the euro-dollar is presently narrow trading; slightly plunging on the four-hour scale and faintly inclining on the one-hour chart, having the Union currency trading at 1.3980 recording a high of 1.4000 and a low of 1.3853, knowing that the pair shows a minor tendency to plunge to the downside according to the one-hour and four-hour stochastic oscillator. The trading range for today is among the key support at 1.3365 and the key resistance at 1.3715.
As for the pound-dollar pair, it is consolidating as mixed signs are seen throughout several time charts momentum indicators, having the royal pound now trading at 1.6093 recording a high of 1.6183 and a low of 1.5976. The trading range for today is among the key support at 1.5965 and the key resistance at 1.6300.
Now, turning to the dollar-yen pair, it is narrow trading as neutral signs are actually detected throughout the one-hour and four-hour momentum indicators, having so far the low-yielding Japanese yen now trading at 81.01 recording a high of 81.04 and a low of 8059. The trading range for today is among the key support at 81.05 and the key resistance at 84.25.