Currency snapshot (major pairs)

Dollar index trading at 97.87 (-0.03%).

Strength meter (today so far) - Euro +0.07%, Franc -0.19%, Yen +0.13%, GBP -0.60%

Strength meter (since last week) - Euro -0.65%, Franc -1.63%, Yen -0.62%, GBP -0.67%

EUR/USD -

Trading at 1.091

Trend meter -

• Long term - Sell, Medium term - Range, Short term - Range

Support

• Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.08-1.085

Resistance -

• Long term - 1.175-1.18, Medium term - 1.155-1.16, Short term - 1.14-1.145, Immediate - 1.125-1.132

Economic release today -

• NIL

Commentary -

• Euro is ranging around 1.09 ahead of NFP report tomorrow.

GBP/USD -

Trading at 1.551

Trend meter -

• Long term - Buy, Medium term - Range, Short term - Range

Support -

• Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.518-1.512, Immediate - 1.544-1.54

Resistance -

• Long term - 1.592-1.616, Medium term - 1.595, Short term - 1.572

Economic release today -

• BOE held policy steady.
• 8 MPC officials voted to maintain policy while 1 voted in favor. Market was expecting 7-2.

Commentary -

• Pound dropped sharply over lower inflation outlook and BOE minutes.

USD/JPY -                      

Trading at 124.6

Trend meter -

• Long term - Buy, Medium term - Range/Buy, Short term - Range/Buy

Support -

• Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 119.7, Immediate - 120.7

Resistance -

• Long term - 130, Medium term - 127.5, Short term - 127.5. Immediate - 124.3-124.5 (broken)

Economic release today -

• NIL

Commentary -

• The pair is finding resistance ahead around 125, ahead of NFP report tomorrow. Yen might lose to 127 against dollar if support around 121 holds.

USD/CHF -                                                                                         

Trading at 0.981

Trend meter -

• Long term - Buy, Medium term - Range, Short term - Range/Buy

Support -

• Long term - 0.88, Medium term - 0.90, Short term - 0.95

Resistance -

• Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987

Economic release today -

• SECO consumer climate deteriorated to -19 from -6 prior.

Commentary -

• Franc remains worst performer this week. Further rise possible, though major profit booking suggested ahead of NFP.