The Japanese yen slipped today against majors after the release of upbeat news concerning Australian employment which triggered demand on higher-yielding assets on signs of recovery. On the other hand, the dollar index, which tracks the greenback movements versus a basket of major currencies, inched up to 76.89 from the day's opening at 76.84 ahead of important U.S. data.
With regard to the euro-dollar pair, it declined slightly on the daily and 4-hour charts despite the euro zone's better-than-expected industrial production report released today. The pair is currently traded at 1.4497, recording a high of 1.4555 and a low of 1.4493, while it faces next resistance at 1.4565 and support is seen at 1.4450.
As for the sterling-dollar pair, it is showing a slight downside move on the daily and 4-hour charts, taking breath after 4 days of incline. Sentence's announcement yesterday made the pound advance against majors, but today it is moving within narrow range. The pair retreated after touching the strong resistance at 1.6275, where it is traded at 1.6270 after setting a high of 1.6312 and a low of 1.6261; while the coming support for the pair is seen at 1.6240 and the resistance is spotted at 1.6355.
Relative to the dollar-yen pair, it rebounded for the second day on the daily charts after three days of decline. The pair breached the strong resistance at 91.70, which represents 23.6% Fibonacci retracement to the upside trend that started in December. Now, the pair is traded at 91.84 after hitting a high of 92.04 and a low of 91.26, while it is currently facing the coming support level at 91.25, while the resistance is spotted at 92.10.