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

GBPUSD

GBP USD

The GBP traded higher against the USD and closed at 1.2628.

Markit/CIPS Services Purchasing Managers Index shows the activity of purchasing managers in the services sector. It is calculated by the Markit agency and the Charted Institute of Procurement and Supply using a questionnaire. Managers evaluate business and economic conditions in their sector, as well as provide their short-term expectations.

A reading above 50, indicates a favorable environment for sector expansion. The index growth may have a positive effect on the British pound quotes.

According to the Analysis, The pair is expected to find support at 1.24935, and a fall through could take it to the next support level of 1.23591. The pair is expected to find its first resistance at 1.27038, and a rise through could take it to the next resistance level of 1.27797.

Previous Day range was 210.3 and Current Day Range is 28.9.

USD CHF

USDCHF

The USD traded a bit higher against the CHF and closed at 0.9866.

Nonfarm Payrolls present the number of new jobs created during the given month, in all non-agricultural sectors of the U.S.

The indicator growth can have a positive effect on dollar quotes.

The pair is expected to find support at 0.98378, and a fall through could take it to the next support level of 0.98108. The pair is expected to find its first resistance at 0.99008, and a rise through could take it to the next resistance level of 0.99360.

USD CHF previous Day range was 62.6 and Current Day Range is 20.7.

USD JPY

USDJPY

The USD traded higher against JPY and closed at 107.642.

According to the analysis, USD/JPY pair is expected to find support at 105.327, and a fall through could take it to the next support level of 103.012. The pair is expected to find its first resistance at 109.424, and a rise through could take it to the next resistance level of 111.206.

USD/JPY previous day range was 40970 and current day range is 9260.