The new month opened calmly ahead of NFP and rate decisions out of the US and the UK.
H4 range targets remain the same, hence the focus on H1 support and resistance levels for today.
The charts in this article are H1 charts of a selection of major FX pairs.
The targeted support and resistance levels are in the latest colored boxes on the respective charts.
Each pair would have to cross their respective colored zones to confirm any meaningful change or extension in trend.
EURUSD is expected to range sideways above 1.1560 dollars. The ceiling at 1.1645 is the next level to beat.
Likewise, cable will also range sideways around 1.3675 dollars. There’s a pivot at 1.3760 acting as a ceiling target to beat in the coming session.
USDJPY will range around 114.15 yen in the meantime.
On the H1 chart, the Aussie is ranging around 75.20 cents and not improving much.
Gold remains trapped in a range below 1800 dollars.
As always, all prior support and resistance lines were still respected and will likely continue to be.
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All displayed chart support/resistance lines are either historical levels or actual confirmed order book levels currently being traded by major players based on available market intelligence.
Disclaimer: This content is for educational purposes only. It does not constitute trading or investment advice. Past performance does not indicate future results. Do not invest more than you can afford to lose.
