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EUR / USD
Currency pair EUR / USD this morning is trading with the desire to go up, showing growth at night to $ 1.2319 and continues to go up already having reached $ 1.2333. However, the currency pair is trading below the MA 200 level on the H1 timeframe and so far EUR / USD is still under control of the bears. The main currency pair on the chart with hour timeframe formed bullish divergence on MACD indicator, it can lead to pair growth with the desire to get close to MA 200 on H1 and again to test this sliding one.
• The main resistance lines are at the levels: 1.2370, 1.2400, 1.2440.
• The main support levels are located at: 1.2260, 1.2235, 1.2200
If EUR / USD does not consolidate above MA 200 on H1 and does not begin to form a new uptrend, then we are waiting for the scenario of decline within the descending channel, which was formed on February 16.
GBP / USD
Currency pair with the opening of trading is trading with a slight increase and by the morning has approached the level of $ 1.4007 trying to stay near the highs of Friday. On Friday, GBP / USD already tried to break through the MA 200 on H1 and wanted to gain a foothold above the moving average. Of course, if the pair fixes above $ 1.4025 this will be immediately canceled by the descending scenario, which was formed on February 16.
• The main resistance lines are at the levels: 1.4020, 1.4070, 1.4140.
• The main support levels are located at: 1.3925, 1.3860, 1.3800
In general, the pair expects the continuation of the downward movement with the goal of reaching the level of $ 1.3925. If the pair consolidates above $ 1.4025, a new upward movement will be formed.
USD / JPY
Currency pair USD / JPY from the very opening of trading decided to change its four-day towering movement on Thursday, February 22. This morning, the pair again managed to break through the moving average MA 200 to H1 and gain a foothold below this level.
• The main resistance lines are at the levels: 107.90, 109.30, 110.50
• The main support levels are located at: 106.10, 105.50, 105.00
The main movement of the currency pair for today is expected to decline to the level of 106.10. But if the pair USD / JPY still pushes the moving average MA 200 to H1 and gain a foothold above it, the currency is expected to return to an uptrend.