Technical Overview of GBP/USD, NZD/USD and USD/JPY Currency Pairs

GBPUSD

GBP USD

The GBP traded higher against the USD and closed at 1.3239.

The Michigan Consumer Sentiment Index released by the University of Michigan is a survey of personal consumer confidence in economic activity. It shows a picture of whether or not consumers are willing to spend money. Generally speaking, a high reading anticipates positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).

According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.31853, and a fall through could take it to the next support level of 1.31319. The pair is expected to find its first resistance at 1.33140, and a rise through could take it to the next resistance level of 1.33893.

Previous Day range was 128.7 and Current Day Range is 49.9.

NZD USD

NZDUSD

The NZD traded higher against the USD and closed at 0.6817.

BusinessNZ Performance of Manufacturing Index (PMI) is compiled based on a monthly survey. It serves as a leading indicator of New Zealand’s manufacturing sector activity.

The pair is expected to find support at 0.67951, and a fall through could take it to the next support level of 0.67735. The pair is expected to find its first resistance at 0.68518, and a rise through could take it to the next resistance level of 0.68869.

NZD USD previous Day range was 56.7 and Current Day Range is 30.3.

USD JPY

USDJPY

The USD traded little lower against JPY and closed at 111.693.

BoJ Interest Rate Decision is made 8 times a year. The regulator’s interest rate is used to provide loans to commercial banks. Establishing an interest rate is one of the main tools of the monetary policy used by the Bank of Japan to regulate the strength of its currency.

Interest rate growth can have a positive impact on yen quotes.

According to the analysis, pair is expected to find support at 111.274, and a fall through could take it to the next support level of 110.855. The pair is expected to find its first resistance at 111.971, and a rise through could take it to the next resistance level of 112.249.

USD JPY previous day range was 6970 and current day range is 4020.

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