I have already made my mind: I will move to Barcelona today! Is again holiday in Spain, so I,m writing news for FXstreet.com team

You can see both pair key points, following this link:

http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=c9ab34ff-b93d-4a7e-85da-df10e75b65c4

Having a quiet market, at least gave me extra time to read news here and there; this is quite important to take into account, if you are a GBP trader:

http://www.telegraph.co.uk/finance/economics/6147161/Bank-considers-new-measures-to-stop-lenders-hoarding.html

Either cutting rates, or extending QE this Thursday, will no doubts harm Pound. Be careful with long term positions!

The USD is stronger across the board, even against Japanese yen, as equities retain a negative tone and risk appetite remains thin ahead of the US data to be release in about 30 minutes or so. Europeans are testing key support/resistance zones, yet closer to start a more interesting correction favoring greenback that runing back higher. Of course, Durable Orders will define that.

EUR/USD has supports at current 1.4270 area, and 1.4240, GBP/USD supports are at 1.6200/20, ahead of 1.6160, while USD/CHF needs to clear 1.0655 to reach the 1.0700.

Resistances on the other hand for EUR/USD are at 1.4300, 1.4340 and 1.4375; for GBP/USD at 1.6310, 1.6350 and 1.6400; supports for USD/CHF are at 1.0620 1.0580 and 1.0580. 

Both currencies continue losing ground against dollar; here is the link to the last new I write, and next support/target area for both pairs:

http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=72d16ac9-27c4-46ac-9505-a6d1435601d3

ISM came worst than expected, and dollar is pushing higher, trying to break against Euro the 1.4360 zone. First attempt lead to a rebound, yet as long as we remain under 1.4380/4400, we can still see another retest of the support. Gbp lost the 1.7000 and returned to the 1.6940 zone. Should clearly break that level to continue falling.

EUR/USD Current price: 1.4054

Bearish in the hourly, pair is holding above 1.4040 static support zone, ahead of 1.4000 psychological level. With indicators suggesting more downside pressure, expect the rally to accelerate under that level. 4 hours indicators support the perspective also.
Support levels: 1.4040 1.4000 1.3960
Resistance levels: 1.4090 1.4135 1.4170
GBP/USD Current price: 1.6388

Under selling pressure, pair seems unable to regain the 1.6420 zone. A descendant trend line, along with 20 SMA should cap the upside, while clear break under today’s low at 1.6330 will accelerate the downside. Bigger time frames support the perspective as daily charts are about to give bearish signals.
Support levels: 1.6330 1.6280 1.6250
Resistance levels: 1.6420 1.6470 1.6520
USD/JPY Current Price 96.00
Falling strong, 96.00 is barely holding the downside despite indicators are close to oversold conditions in the hourly. Hourly candle opening under 95.90 or so, could trigger some bearish momentum in the pair, as bigger time frames also support further falls.
Support levels: 95.90 95.50 95.20
Resistance levels: 96.30 96.80 97.00

Sorry for the lack of post today! I’m having some issues here with the software to edit and publish the blog. You can check today’s levels in this hourly report I write an hour ago.

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-06-15.v03.html

Let’s see if i can add some more in the next hours!

EUR/USD Current price: 1.3622

 Pair is tending lower after worst than expected data both in Europe and the U.S. trigger some risk aversion across the board. Both Momentum and RSI cut their central lines and kept the bearish slope suggesting further losses in the pair, thus 1.3557 remains the key level to the downside, and only a clear break under could trigger more sells in the pair. Price is under the 20 SMA that lost bullish slope and turns flat, better see it turning down. Break under mentioned key level could drag the pair close to 1.3470 in the term, 200 EMA.
Support levels: 1.3686 1.3657 1.3610
Resistance levels: 1.3648 1.3690 1.3710
GBP/USD Current price: 1.5120
BOE’s statement triggered a downside rally that halted around just around the 1.5115 tough zone we have been following these past days. Also in that zone, we have an ascendant 4 hours trend line coming from the 1.4702 lows, and the pair is having a hard time to break under. Indicators in the hourly seem exhausted, suggesting a probable upside correction in the line holds. 20 SMA has turn bearish and bigger time frames support further losses in the pair. Watch for a confirmation under this zone.
Support levels: 1.5110 1.5080 1.5015
Resistance levels: 1.5148 1.5190 1.5245

Full report and charts, could be seing following this link:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-05-13.v03.html

Here is the link to the majors technical hourly report:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-04-30.v03.html

Both Gbp and Japanese Yen, are breaking or close to break upside ranges: Gbp around 1.4660, barely 3 pips above it, better if moves above 1.4680, attemping for a short term rally to 1.4710/30 zone. Japanese yen fighting around 98.60 (seems 98.45 cleared), also better if above 98.77/85 to retest th 99.16 zone. Euro is fighting with a descendant trend line in 4 hours charts, coming from yesterday’s hig, around 1.2670/80. Candle opening above favor more buying in the pair.