Euro

The Euro versus Dollar pair reversed to the downside after reaching the high so far at 1.4335 where it is currently near the previously breached resistance turned into support. We expect the pair to incline on the intraday in an attempt to reach 1.4390 yet will only be successful with the next four hour closing above 1.4240

The trading range for today is among the key support at 1.4105 and the key resistance at 1.4620

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

Support1.41801.41451.41101.40801.4030
Resistance1.42401.43201.43901.44401.4490
RecommendationAccording to our analysis, buy the pair above 1.4245 with targets at 1.4390 and stop loss with four hour closing below 1.4180

Great British Pound (GBP)

The Cable was able to reach our suggested target in the morning at 1.6490 before rebounding back to the upside to return above the minor resistance level seen in the above image. We expect the pair is to incline on the intraday confirmed with a four hour closing above 1.6565 where our next target will be at 1.6685.

The trading range for today is among the key support at 1.6185 and the key resistance at 1.6945

The general trend is to the upside as far as 1.4840 remains intact with targets at 1.6600

Support1.64751.64451.63751.63451.6270
Resistance1.65651.66401.66851.67001.6770
RecommendationAccording to our analysis, buy the pair above 1.6565 with targets at 1.6685 and stop loss with four hour closing below 1.6475

Japanese Yen (JPY)

The USD/JPY pair was able to build a solid base at the 95.35 support level where it supported the incline towards 96.40 in an attempt to gather bearish momentum to reverse to the downside. We still hold our outlook to the downside targeting 93.40 and 92.40 as far as 97.60 remains intact.

The trading range for today is among the key support at 91.90 and the key resistance at 99.40

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

Support95.3594.7594.5094.1093.40
Resistance96.2596.5597.4097.7098.10
RecommendationOur morning recommendation remains valid

Swiss Franc (CHF)

The Dollar versus Swissy pair inclined to the upside where we still hold our outlook towards 1.0745 before reversing back to the downside to complete the short term target. This decline will remain as far as 1.0960 remains intact.

The trading range for today is among the key support at 1.0450 and the key resistance at 1.0980

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

Support1.06251.05851.05301.05001.0470
Resistance1.06901.07151.07451.08001.0820
RecommendationOur morning recommendation remains valid

Canadian Dollar (CAD)

The Dollar versus Loonie pair inclined in the morning to breach the resistance level at 1.0825 yet the next resistance at 1.0890 was able to limit the gains. We still believe the pair is to decline on the intraday to target 1.0660 as an initial target as far as 1.1335 is intact.

The trading range for today is among the key support at 1.0660 and the key resistance at 1.1335

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

Support1.08251.07851.07251.06601.0615
Resistance1.09001.09401.09601.10301.1075
RecommendationOur morning recommendation remains valid