foreign exchange support resistance levels

Forex: EUR/USD: Euro, hesitant above 1.3300

FXstreet.com (Barcelona) ? The Euro has moved to levels above 1.3300 during Monday?s Asian session to hit 1.3345 resistance level and drop back to 1.3300 ahead of the European session opening. The Euro trades at the moment at 1.3305, heading towards support level at 1.3290/3300. Next support levels lie at 1.3265 and 1.3210. Resistance levels lie at today?s high 1.3345, and above there, 1.3385 (April 30 high) and 1.3425.EUR/GBP has bounced at 0.8885 on early Asian session to rise to

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Forex: GBP/USD: The Pound climbs to 1.5090/15100 area after ADP report

FXstreet.com (Barcelona) - The Sterling has reversed previous losses and has bounced up from 1.5000 to reach levels close to resistance area at 1.5090/15100 after U.S. ADP report released a lower than expected employment destruction in April.In case of breaking above 1.5100, next resistance levels could be at 1.5160 (May 5 high), and 1.5190. On the downside, support levels lie at 1.5065 (Apr 16 high), and below there, probably on the 1.4990/1.5000 area.GBP/JPY has rocketed more than 160 pips

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GBP/USD: Pound pulls back below 1.4900

FXstreet.com (Barcelona) ? The Pound has reached 1.4935 intra-day high on its rally from 1.4760, and the Pound has eased afterwards to levels right below 1.4900 ahead of the U.S. session opening. At the moment, the Pound trades at 1.4885; 0.72% above its opening level.On the downside, the Pound might find support at 1.4955/70 area and below there, 1.4820 and 1.4765. On the upside, resistance levels might lie at 1.4935/50 and 1.5065 (Apr 16 high).According to Nicole Elliott, a weekly

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USD/JPY: The Dollar approaches 99.60 resistance level

FXstreet.com (Barcelona) ? USD/JPY is showing strength and rebound on 98.35 low ahead of the European session opening has reached levels close to 99.60 on the back of Central Banks and U.S. data.On the upside, if the Yen consolidates above 99.60 resistance level, the pair could find resistance at 99.70/75 and 100.00. On the downside, support levels might lie at 99.20 (May 6 high) and below there, 99.00 and 98.20.For more information, read our latest forex news.

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Forex (foreign exchange) Currency trading

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Forex: USD/JPY: The Dollar reaches levels above 99.00 after ADP

FXstreet.com (Barcelona) ? The Dollar has strengthened after better than expected ADP figures, and USD/JPY has jumped from 98.25 to a new intra-day high at 99.08. At the moment, the Dollar struggles with resistance level at 99.00/10.In case of breaking above 99.00/10, the Dollar might find resistance at 99.65 (Mar 4 high) and than at 100.00. On the downside, support levels remain at 98.50/60 and below tthere, 98.25 and 98.00.For more information, read our latest forex news.

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Forex: EUR/USD: Euro reaches levels above 1.3670; 7-week high

FXstreet.com (Barcelona) ? The Euro is testing levels above yesterday?s 6-week high at 1.3670 after having bounced at 1.3560 on Asian session. The Euro trades now at 1.3558 after having squeezed up to a fresh 7-week high at 1.3675.Above current levels, next resistance lies at 1.3740 (Mar 19 and 23 high) and 1.3800 (Jan 8 high) and 1.3835/50. Support levels below 1.3640 remain at support levels lie at 1.3550 (May 11 low) and below there, 1.3520 and 1.3500.Nicole Elliott, senior

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Forex (foreign exchange) Currency trading

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GBP/USD: Pound drops from 4-month high at 1.5160 to levels above 1.5000

FXstreet.com (Barcelona) ? The Pound has pulled back from 4-.month high at 1.5160 reached yesterday to levels right at 1.5000 support which has been tested on late Asian session. 1.4990/1.5000 support level remains intact and the Pound attempts to pick op from there.Initial support lies at the mentioned 1.4990/1.5000 level, and below there 1.4950 (Apr 15,17 and 30 high) and 1.4830 (May 4 low). On the upside, the Pound could find resistance at 1.5065 (Apr 16 high) , and above

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Forex: USD/JPY: Dollar drops below 97.15

FXstreet.com (Barcelona) ? Decline from 99.60 high has exte4nded on Tuesday to levels below 97..15 support, and the Dollar has reached a fresh low at 96.70, before returning to levels right underneath 97.15.According to Peter Rosentreich, technical analyst at ACM - Advanced Currency Markets, the USD/JPY is shaping a double top head and shoulders figure: ?We are currently trading particular range, with a double top head and shoulders about to confirm, initial resistance at 97.99 proves crucial, a push past

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