Currency snapshot (major pairs)

Dollar index trading at 94.92 (-0.03%).

Strength meter (today so far) - Euro +0.01%, Franc +0.33%, Yen -0.58%, GBP +0.48%

Strength meter (since last week) - Euro -0.15%, Franc -0.10%, Yen -0.68%, GBP +1.03%

EUR/USD -

Trading at 1.123

Trend meter -

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

Support -

• Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.106, Immediate - 1.118-1.115

Resistance -

• Long term - 1.175-1.18, Medium term - 1.155-1.16, Short term - 1.14-1.145, Immediate - 1.135-1.138

Economic release today -

• Euro zone CPI came at 0.3% for the month of May.

Commentary -

• Euro is treading water ahead of FOMC, trapped within immediate range.

GBP/USD -

Trading at 1.57

Trend meter -

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

Support -

• Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.518-1.512, Immediate - 1.548-1.545

Resistance -

• Long term - 1.592-1.616, Medium term - 1.58-1.586, Short term - 1.566-1.57 (broken)

Economic release today -

• UK unemployment rate remained same at 5.5%, but wage growth picked up substantially to 2.7%, highest in six years.

Commentary -

• Pound is the best performer this week, rose sharply today as wage growth surprised to upside. Focus is now on FOMC.

USD/JPY -                      

Trading at 124.3

Trend meter -

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

Support -

• Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 119, Immediate - 122.2-122.6

Resistance -

• Long term - 130, Medium term - 127.5, Short term - 127.5. Immediate - 123.6-124(broken)

Economic release today -

• NIL

Commentary -

• Yen remains sell against dollar, likely to weaken further against Euro and Pound.

USD/CHF -

Trading at 0.93

Trend meter -

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

Support -

• Long term - 0.88, Medium term - 0.917-0.913, Short term - 0.90, Immediate - 0.925

Resistance -

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

Economic release today -

• NIL

Commentary -

• The pair remains buy as Franc is likely to remain sell against dollar, however Franc is showing strength over Euro due to haven flow.