Major technical analysis

euro

The European currency depreciated in a very strong move from the key resistance at the top of 1.4670s to hit the downside support as low as 1.4520s. The technical studies still show the downside correction for today until the levels of 1.4480s support.
The trading range for today might be between the key resistance level at 1.4600 and the key support level at 1.4450.
The general trend is up as far as 1.4060 remains intact targets now at 1.4965 and 1.5000.
We expect selling euro below 1.4570 with a target at 1.4490, stop loss above 1.4610.

gbp

The British pound yesterday opened with a bearish gap indicating the downside direction in terms of correctional movements in the upcoming days. The short term technical signals showed that the pound just reached the first retirements level as low as 2.0580s; therefore, the pound might reverse back to the upside today.
The trading range for today might be between the key resistance level at 2.0700 and the key support level at 2.0480.
The general trend is up as far as 2.0000 remains intact targets now at 2.1160 and 2.1400

jpy

The dollar against the Japanese yen fell in an irregular move towards the major support level at 110.50s breaching the consolidation area that it formed two months ago creating a new downside channel. The technical patterns indicated that the pair is expected to continue in the downside trend today.
The trading range for today will be between the key resistance at 111.00 and the key support at 107.80.
The general trend is down as far as 121.30 remains intact, targets at 108.30 and 106.20.
We expect selling USD/JPY below 110.30 with a target at 109.00, stop loss above 110.80