Euro

The Euro versus Dollar pair corrected to the downside yet failed to pass the 1.3900 level as it rebounded back to the upside towards our suggested targets at 1.4115. Note that the 1.3705 level must remain intact for the pair to incline.

The trading range for today is among the key support at 1.3580 and the key resistance at 1.4180

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

Support1.39451.38501.37801.37251.3705
Resistance1.39901.40551.41151.41801.4215
RecommendationAccording to our analysis, buy the pair above 1.3945 with targets at 1.4115 and stop loss with four hour closing below 1.3850

Great British Pound (GBP)

The Cable corrected to the downside towards 1.5760 before rebounding back to the upside towards 1.5880. The pair is currently facing a critical resistance at 1.5890 where it is expected for it to breach it to the upside to target 1.6300. The 1.5560 level must remain intact for the pair to incline.The trading range for today is among the key support at 1.5560 and the key resistance at 1.6200

Th e general trend is to the upside as far as 1.4840 remains intact with targets at 1.4840 and 1.6600

Support1.58101.57601.56801.56451.5560
Resistance1.58901.59251.60051.60301.6070
RecommendationAccording to our analysis, buy the pair above 1.5890 with targets at 1.6030 and stop loss with four hour closing below 1.5810

Japanese Yen (JPY)

The USD/JPY pair is fluctuating within narrow ranges since the morning around 94.00 and therefore we hold our outlook to the downside targeting 93.50 and 92.40 as far as 95.15 remains intact.

The trading range for today is among the key support at 91.90 and the key resistance at 97.00

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

Support93.9593.5092.9592.4091.90
Resistance94.5595.1595.7596.4597.00
RecommendationOur morning recommendation remains valid

Swiss Franc (CHF)

The Dollar versus Swissy continued to trade within narrow ranges yet is gradually declining. We hold our outlook to the downside targeting the key support for the downside channel as seen in the above image at 1.0830 followed by 1.0745 as far as 1.1110 is intact.

The trading range for today is among the key support at 1.0745 and the key resistance at 1.1445

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

Support1.08801.08301.07951.07451.0710
Resistance1.09801.10351.10751.11251.1165
RecommendationOur morning recommendation remains valid

Canadian Dollar (CAD)

The Dollar versus Lonnie pair is gathering momentum to breach the pivotal support for the uptrend at 1.1335 as seen in the above image where a breakout of this level may result in a daily close below this level and change the short term trend to the downside targeting 1.0935 initially. After reaching the level, we will then determine the short term trend.

The trading range is among the key support at 1.0935 and the key resistance at 1.1655

The general trend is to the upside as far as 1.1335 remains intact with targets at 1.3000

Support1.12301.12001.11801.10851.0980
Resistance1.13351.13801.14151.14751.1545
RecommendationOur morning recommendation remains valid