The euro and the pound were consolidating against the dollar in today's Asian session amid an absence of important fundamentals in the Asian region. Technical moves shall be dominating the currencies market today even if we are waiting for the PMI construction in England and factory orders in the U.S to be released later today.
The euro dollar pair gained slightlyrecording a high of 1.4809 and a low of 1.4770 having the union currency trading around 1.4780. The pair is having a resistance at 1.4855 along with a support at 1.4730. If the pair breached the resistance it will target 1.4890 levels from where it may gain farther to trade near the 1.4960 levels. However, the pair is trading in an oversold area according to the daily stochastic oscillator.
Regarding the pound dollar pair it is consolidating recording a high of 1.6419 and a low of 1.6351, having the royal pound trading around 1.6390. Today's resistance is represented at 1.6445 along with a support at 1.6330. The pair will be trading near the 1.6265 levels if it breached the support and it will be trading near 1.6480 if it breached the resistance.
Finally, the dollar yen pair is consolidating between 90.55 and 90.10 recording a high of 90.48 and a low of 90.14. The pair is having a resistance at 90.40 along with a support at 90.10. The four hour stochastic oscillator is supporting a downside so we may see the pair breaching the support and trading near the 89.85 levels.