EUR

The Euro versus Dollar pair inclined since the morning to reach the critical resistance at 1.3980 as seen in the above image. The intersection of the trendlines shows the strength of this level where the outlook to the downside remains if trading maintains levels below 1.3960 on the intraday basis. The stochastic indicator is showing the pair being overbought which supports our outlook as far as 1.3980 remains intact.

The trading range for today is among the key support at 1.3600 and the key resistance at 1.4270

The general trend is to the downside as far as 1.4710 remains intact with targets at 1.2120

GBP

The Cable inclined sharply since the morning towards the pivot resistance at 1.6200 as it attempted several times to breach it. On the minor image we see the incline that occurred after the release of the rate decision to near the above mentioned resistance level keeping our downside outlook prevailed. Trading today may be volatile due to the mixed signals and we advise to wait for today's closing before determining the next short and intraday trends.

The trading range for today is among the key support at 1.5800 and the key resistance at 1.6520

The general trend is to the upside as far as 1.4840 remains intact with targets at 1.7100

JPY

The USD/JPY pair is currently correcting to the downside towards 92.60 in an attempt to build a solid base before rebounding back to the upside targeting 97.45. The uptrend remains as far as 91.80 remains intact.

The trading range for today is among the key support at 89.75 and the key resistance at 97.45

The general trend is to the downside as far as 102.60 remains intact with targets at 84.95 and 82.60

CHF

The Dollar versus Swissy Pair declined to near the pivot support on the intraday at 1.0790. We still hold our outlook to the upside on the intraday basis targeting 1.1040 after breaching the minor resistance at 1.0925 supported by the oversold signs as seen on momentum indicators. The incline remains as far as 1.0790 remains intact.

The trading range for today is among the key support at 1.0570 and the key resistance at 1.1150

The general trend is to the upside as far as 1.0570 remains intact with targets at 1.2245

CAD

The Dollar versus Loonie pair declined as expected towards the minor support at 1.1580 where we believe to witness a rebound towards 1.1750. Momentum indicators show the pair being oversold supporting our outlook to the upside as far as 1.1580 remains intact.

The trading range for today is among the key support at 1.1335 and the key resistance at 1.1850

The general trend is to the downside as far as 1.1870 remains intact with targets at 1.0300