FOREX Updates: Technical Levels For GBP/USD Today

Tuesday, May 27 Market Profile British pound can be attributed to trend day. The British pound continued to weaken against the U.S. dollar, continuing a downward trend shaping its structure. Further put pressure on the pair of positive U.S. economic data, as well as the speech of the Bank of England. On the day the fair price protection zones are located in areas VAL - 1.6811 and VAH -1.6881. POC point of control was formed in 1.6858. 

Forecast for today : In today's Asian session, the British pound was trading in a narrow sideways channel against the U.S. dollar. In the case of formation of the first prerequisites for growth, buyers will be kept an intermediate level of resistance in the POC from May 20- 1.6814, above which is a more focused level VAL May 21 - 1.6831 from which we will see a strong enough sales. If the bulls and not rest on it, the main aim of the day will be a test POC, May 26 - 1.6843 and POC yesterday- 1.6858. As for sales, the second wave of falling may be kept back support area POC May 16- 1.6790. Only after consolidation below can argue about reducing GBP/USD to new lows near POC May 15- 1.6766 and VAL on the same day- 1.6742. Farthest weekly goal now is the level of POC from April 15- 1.6721.

GBP/USD Support and Resistance Levels For Today

On Wednesday, March 26, market profile British pound can be attributed to trend day. The British pound strengthened against the U.S. dollar before today's publication of important fundamental data that determine the future until the end of the medium-term direction of the pair , which so far looks very promising. On the day the fair price protection zones are located in areas VAL- 1.6523 and VAH -1.6570. Control point POC was formed in 1.6530. Forecast for today : In today's Asian session, the British pound was trading in a sideways channel against the U.S. dollar . Pound yesterday reached an important resistance level in VAL 19 March -1.6584 above which movement GBP / USD may continue to VAL March 12- 1.6602 and then to the main purpose of yesterday near VAL March 17- 1.6623. Most long longs will wait test level VAH 19 March -1.6640, where you can watch the first profit-taking. Speaking of sales, we can confidently say important support level VAH March 20- 1.6561, below which is also a strong area POC March 26- 1.6530 and VAH March 21- 1.6510.

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USD/CHF Trend and FOREX Technical Levels

USD/CHF Today

USD/CHF Trend Today

USD/CHF continues to be bullish while taking support at 0.8788 which is also 23.6% FIBO level. Pair is trading at 0.8844 which is 38.2% FIBO level. If pair sustains above 0.8844, next resistance to look for is 0.8890, 0.8931. Key findamentals for today is Core Durable Goods Orders m/m to be announced at 12:30pm GMT

FOREX Technical Levels:

EUR/USD

Support Level are at 1.3665-1.3763 and Resistance levels are at 1.3861-1.3959 levels.

GBP/USD

Support Levels are 1.6426, 1.6454 and 1.6493 while a upper resistance levels are 1.6560, 1.6588 and 1.6627.

GBP/USD Trend: Key Levels with Fx Signals Today

The currency pair GBP/USD traded with a mixed character last day, bulls after a brief rally subsided, giving the bears come into play. On the daily chart we can see an upward trend with the prerequisites change the current trend. Now in the market hovers between small uncertainty bears and bulls, form mixed candles, quite possibly, the bulls are trying to buy time in order to gain strength and continue.

Development of the plot for the next trading days may be so- it's possible we will continue to observe the formation of the uncertainty of consolidation in the range 1.6440/1.6370. If the price will be able to pass the mark and consolidate above 1.6440, it is likely to expect further movement of the bulls until prices 1.6510.

It is also likely to consider the second and the outcome, if the bears manage to hold below 1.6370 and show interest, increasing short positions, then we can talk about going to the level of 1.6300.

Economic Calendar

• Today, traders should expect a number of important economic news from the U.S.
• 19:00 MSK (17:00 GMT- 2) to give a speech , Fed Chairman Janet Yellen.

Key Levels

Resistance zone: 1.6440-1.6470-1.6600

Support zone: 1.6300-1.6240-1.6100

FOREX Signals For Today

• The purchase of a pair is recommended after accurate fixing prices above 1.6440 , with the prospect of running around to 1.6510.
• Sales for the pair is recommended after a clear price fixing under 1.6370 , with the prospect of progress to the level of 1.6300.

FOREX News with EUR/USD Day Trading Levels Today

FOREX News:

According to the Central Statistical Office of Cyprus , output continued to decline in November 2013 reduction rate increased in relation to the previous month. Production volume decreased by 14.4% in November compared with November 2013 In October, its reduction was 11.5 % , and in September - 11.6% . Low reading due to the decline in manufacturing output by 17.1 % , as well as in the mining sector by 30.4 %. In the energy sector output fell by 2.9 % in relation to the data for November 2012 For the period from January to November , the production volume decreased by 13% compared to the same period of the previous year.

EUR/USD Day Trading Levels:

Technical levels for EUR/USD, Support are looking at 1.3431-1.3568 while Resistance levels are at 1.3734-1.3871

EUR/USD Levels 

Forex Technical Report For Today: 2nd Jan '14

Currencies Trading Levels

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.3713	1.3727	1.3746	1.3760	1.3779	1.3793	1.3812
GBP/USD	1.6530	1.6545	1.6561	1.6576	1.6592	1.6607	1.6623
AUD/USD	0.8872	0.8879	0.8885	0.8892	0.8898	0.8905	0.8911
USD/JPY	105.10	105.17	105.25	105.33	105.41	105.48	105.56
USD/CAD	1.0636	1.0639	1.0643	1.0646	1.0650	1.0653	1.0657
USD/CHF	0.8893	0.8903	0.8909	0.8919	0.8925	0.8935	0.8941

Today's Chart: USD/CAD Daily

USD/CAD continues to move in channel and trying to find support at lower trendline. USD/CAD can be a good buy above 1.066.