Daily Market News — April 16th 2020

The US dollar is looking bullish. The euro is affected by its long-term weakness.

The EUR/USD pair is getting sold off above the 1.09 level and is showing some long-term weakness. The resistance levels are 1.0923, 1.0939, and 1.0968. The support levels are 1.0832, 1.0710, and 1.0639.

The USD/JPY pair rallied slightly, but now faces strong resistance at 108.21. The resistance levels are 108.21, 108.69, and 109.23. The support levels are 107.23, 107.02, and 105.21.

The GBP/USD pair got sold off above 1.2550, but the support at 1.24 continues to hold. The resistance levels are 1.2624, 1.2704, and 1.2842. The support levels are 1.2443, 12411, and 1.2252.

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