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USD/JPY: The Dollar rises above 97.00 approaching day high

FXstreet.com (Barcelona) ? The Dollar has returned to the upside and reaches 97.00 hitting intra-day highs at 97.15, right below next resistance level at 97.25/40.Next resistance level lies at the mentioned 97.25/40 area, and above there 97.60/80, and above there 98.15/20. On the downside, next support comes at 96.20/35, and below there, 96.00 before April 28 low at 95.60.GBP/JPY bounce at 139.00 has broken resistance at 142.80/143.00 reaching to levels below 143.50. Next resistance levels come at 143.80 and 144.55;

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Canada Leading Indicator drops for 8th month in a row in April; USD/CAD at key support

FXstreet.com (Barcelona) - Economic activity shrank 1.0% in Canada in April for the eighth consecutive time, the largest negative period since the early 90's recession.April's decline, broadly in line with the market consensus, follows a 1.5% drop in March. The USD/CAD remains at key 1.1475 support (May 10 low) after the release of the leading indicators Index; next resistance level lies at 1.1525 and 1.1585. Support levels ie at 1.1475 and 1.1300For more information, read our latest forex news.

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Forex: GBP/USD: Recovery stalled at 1.4595 so far

FXstreet.com (Barcelona) ? The Pound?s recovery from 1.4440 low seems to have found a strong resistance level at 1.4595 as the Sterling has been unable to break above there despite having tried it a couple of times during European session.In a longer point of view, we can see the Pound trading underneath a downward trending resistance line off 1.5065 high on April 16. Mohammed Isah, technical analyst at FXTechstrategy adverts about the odds for further weakness on the Pound: ?With

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Higher Canadian Inflation Does Not Provide Much Support for Canadian Dollar

Rising Canadian inflation is not providing much support for the Canadian dollar on Friday as it remains under modest pressure against the greenback.Although the U.S. dollar is up on the day against the loonie, the cross has struggled to make gains through most of the session. USD/CAD has been unable to hold gains past 1.2150 CAD. Through most of the session the cross has bounced between support at 1.2065 CAD and resistance at 1.2158 CAD. The cross

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GBP/USD: The Pound rejected at 1.4655 tests intra week low at 1.4465

FXstreet.com (Barcelona) ? The Pound is going through a sharp downward reversal on the back of the budget speech by U.K. Chancellor of the Exchequer Alistair Darling; GBP/USD was rejected at 1.4655 dropping all the way to a new intra?day low at 1.4476.The Pound is right at support area 1.4475/65, in case of further downside move, next support level could come at 1.4400 and then 1.4365/75. On the upside, once above 1.4515, the pair could find resistance at 1.4585/1.4600 and

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Evaluation du support sous nos pieds

Si l'analyse des overhead resistance permettait d'anticiper la ou les zones qui offraient une résistance à l'avancée des prix; l'évaluation des supports, soit d'anciennes résistances franchies en phase 2 freinant la baisse, sera maintenant très utile. Elle sera d'autant plus utile que nous aurons ouvert des positions de vendeurs à découvert.

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USD/JPY ? Dollar pares previous losses, reaching 96.65 level

FXstreet.com (Barcelona) ? The Dollar has gained all the ground lost in Asian session, and, after having hit a fresh 5-week low at 95.60, the Dollar has risen to levels around 96.60 resistance area, reaching levels 0.15% below the day opening level.Despite Dollar attempts to break higher, Valeria Bednarik, collaborator at FXstreet.com warns about the 95.90 support zone: ?Despite some upside correction, the pair failed to break a descendant trend line around 96.40 now, and first dynamic resistance for the

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Canadian Dollar Remains Directionless

USD/CAD was unable to sustain its gains from earlier this morning, but still remains firmly in its range.The cross continues to trade with support at 1.24 CAD and resistance at 1.26 CAD.According to some currency strategists, the rise in oil prices could be helping to support the loonie, but markets are currently looking a little directionless. USD/CAD is up one cent to 1.2524 CAD.George Androulidakis, currency strategist at the National Bank of Canada, said he is not

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Forex: USD/JPY : Decline from 101.45 high extends below 97.00

FXstreet.com (Barcelona) ? The Dollar has weakened during Asian session breaking below the upward trending support line from Jan 21 low at 87.00; Decline from 101.45 high on Apr 06 has extended below 97.00, reaching a fresh two-weeks low at 97.88.At the moment the Dollar struggles to remain above 97.00 support level, in case of further decline next support levels could stand at 96.50/40 and then 95.90 (Mar 30 low).On the upside, the Dollar might find resistance at 97.60, and

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USD/JPY: The Dollar rises above 97.00 approaching day high

FXstreet.com (Barcelona) ? The Dollar has returned to the upside and reaches 97.00 hitting intra-day highs at 97.15, right below next resistance level at 97.25/40.Next resistance level lies at the mentioned 97.25/40 area, and above there 97.60/80, and above there 98.15/20. On the downside, next support comes at 96.20/35, and below there, 96.00 before April 28 low at 95.60.GBP/JPY bounce at 139.00 has broken resistance at 142.80/143.00 reaching to levels below 143.50. Next resistance levels come at 143.80 and 144.55;

eur usd next support resistance levels jan 2009 - eurgbp resistance levels - gbp usd support dan resistance 10 april