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EUR / USD
The EUR / USD currency pair is still limited to MA20 moving average on H1 in the region and so far it has been "not shining".
Today, everyone is waiting for the speech of Mario Draghi (the head of the European Central Bank). On his speeches there will be movements.
The pair is prone to decline, trading in the descending channel from April 24. Moving averages for 20 and 50 periods play the role of strong resistance. The Relative Strength Index (RSI) gives conflicting and negative signals.
As long as the resistance level of 1.2200 is not broken, it is likely that the pair will fall to 1.2155 and 1.2120.
With growth above 1.2200, the pair is targeting 1.2225 and 1.2245.
The main support and resistance lines for today's pair: resistance: 1.2200; 1.2225; 1.2245
support: 1.2170; 1.2155; 1.2120
GBP / USD
The currency pair GBP / USD is still limited in growth by strong resistance lines, which in combination are moving averages MA20, MA50 and MA200.
The pair is prone to decline, trading below the resistance of 1.3970.
The relative strength index (RSI) is below its neutral level of 50, it lacks an upward impulse.
Until the resistance level of 1.3970 is broken, we should wait for the pair to fall to 1.3915 and 1.3875. With growth above 1.3970, the pair is targeting 1.4000 and 1.4030.
Do not forget to put S \ L. And do not forget that the GBP / USD currency pair is uptrend.
The main support and resistance lines for today's pair: resistance: 1.3970; 1.4000; 1.4030.
support: 1.3945; 1.3915; 1.3875.
USD / JPY
Since yesterday, not much currency pair USD / JPY has traded above all moving averages of MA200, MA50 and MA20 on H1. But the currency pair approaches the moving averages and even tries to break them, but so far it has been inconclusive. Bulls at the helm. The pair tried to break through the MA20 yesterday, but the moving average kept its fall and the pair bounced off from MA20 to H1.
The pair is inclined to growth, receiving support from the upward trend line from April 24. The upward moving averages for 20 and 50 periods confirm the pair's positive outlook. The relative strength index (RSI) is above its neutral level of 50, indicating further growth of the pair.
While the support level of 108.95 is not broken, we should expect the pair to grow to 109.60 and 110.00.
When falling below 108.95, the pair will target 108.50.
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; 109.60; 110.00
support: 108.95; 108.50; 108.00