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Analytics 08.05

EUR / USD

 
The EUR / USD is trading below all moving averages.
The pair is prone to decline, being limited by a downward moving average for 50 periods, which plays the role of resistance. The relative strength index (RSI) is below its neutral level of 50, it lacks an upward impulse.
Until the resistance level is broken 1.1950, it is likely that the pair will fall to 1.1895 and 1.1880.
With growth above 1.1950, the pair is targeting 1.1980 and 1.2015.
The main support and resistance lines for today's pair: resistance: 1.1950; 1.1980; 1.2015.
Support: 1.1900; 1.1895; 1.1880.

 

 

GBP / USD

 
The currency pair GBP / USD pair is trading in a downtrend on H1.
All are in anticipation of the meeting of the Bank of England, and almost all analysts are confident that the central bank will leave its interest rates unchanged.
The pair turned up, breaking through the downward trend line. The relative strength index (RSI) is above its neutral level of 50. The moving average for 50 periods is reversed.
Until the support level of 1.3520 is broken, we should expect the pair to rise to levels 1.3585 and 1.3620.
When falling below 1.3520, the pair will target 1.3490 and 1.3455.
Do not forget to put S \ L.
And do not forget that for the GBP / USD currency pair the global trend is upward.
The main support and resistance lines for the pair for today: resistance: 1.3550; 1.3585; 1.3620.
support: 1.3520; 1.3490; 1.3455.

 

USD / JPY

 
The USD / JPY currency pair is currently trying to punch down all the moving averages.
The pair is prone to decline, breaking down the moving averages for 20 and 50 periods. In addition, the moving average for 20 periods crossed down the moving average for 50 periods, which is a negative signal.
The relative strength index (RSI) is below its neutral level of 50.
While the resistance level is not broken 109.40, we should wait for the pair to fall to 108.95 and 108.75. With an increase above 109.40, the pair will target 109.55 and 109.75.
Do not forget that globally for today, the trend for the pair is still descending. So be careful with shopping.
Do not forget to minimize your risks (S / L).
The main support and resistance lines for the pair today:
Resistance: 109.40; 109.55; 109.75.
support: 109.05; 108.95; 108.75.