EUR/USD
Current level – 1.1618
The market is in a consolidation mode due to today’s ECB meeting and I favor a downswing, towards the lower range boundary at 1.1530.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1650 | 1.1730 | 1.1530 | 1.1300 |
| 1.1640 | 1.1840 | 1.1485 | 1.1100 |
USD/JPY
Current level – 111.46
The reversal below 111.80 led to a corrective leg to 111.15 support and the outlook is bullish, for a violation of the mentioned hurdle, towards 112.60.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 111.80 | 114.50 | 111.15 | 109.30 |
| 112.50 | 114.50 | 109.70 | 109.30 |
GBP/USD
Current level – 1.3040
It is unclear if the bullish bias has been renewed, but I favor another downswing towards 1.2950 before breaking higher, for 1.3250.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3080 | 1.3120 | 1.2960 | 1.2570 |
| 1.3250 | 1.3250 | 1.2870 | 1.2570 |
