The Analytical Overview Of The Main Currency Pairs - Thursday, Apr. 22

Trading recommendations

  • Support levels: 1.3884, 1.3807, 1.3750, 1.3667
  • Resistance levels: 1.3918, 1.4008

At the moment, the price has approached the 1.3884 support level. You can look for buy entry points after the price breaks through the level of 1.3918.

Alternative scenario: after the price breaks through and consolidates below the level of 1.3884, short positions to the 1.3800 level can be considered.

(Click on image to enlarge)

GBP/USD

News feed for 2021.04.22:

  • – US Initial Jobless Claims at 15:30 (GMT+3);
  • – US Second Home Sales (Mar) at 17:00 (GMT+3).

The USD/JPY currency pair

Technical indicators of the currency pair:

  • Prev Open: 108.07
  • Prev Close: 108.04
  • % chg. over the last day: -0.03%

Yesterday, the USD/JPY pair traded in the range of 107.85 – 108.20, showing a change of -0.03%. On the H1 and H4 timeframes, the price is below the moving average, which tells us about the continuation of the downward movement. It is worth selling the instrument.

Trading recommendations

  • Support levels: 107.87, 107.00
  • Resistance levels: 108.60, 109.08, 109.75

While the pair is in a downtrend, we recommend sticking to bearish trading. The main scenario is looking for a sell entry point after price correction to the 108.60 level or after breaking through 107.87. It is also worth paying attention to the MACD divergence, which may signal a trend reversal.

Alternative scenario: if the price breaks out and consolidates above the level of 108.63, it is worth buying to the level of 109.08.

(Click on image to enlarge)

USD/JPY

News feed for 2021.04.22:

  • – US Initial Jobless Claims at 15:30 (GMT+3);
  • – US Second Home Sales (Mar) at 17:00 (GMT+3).

The USD/CAD currency pair

Technical indicators of the currency pair:

  • Prev Open: 1.2609
  • Prev Close: 1.2495
  • % chg. over the last day: -0.91%
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Disclosure: This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, ...

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