EUR/USD
Current level – 1.1406
The break through 1.1440 confirms the bearish outlook for 1.1300, but the latter is expected to provide a reliable base for a reversal and should start a new leg on the higher frames, towards 1.1830. Trigger on the upside is 1.1550.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1440 | 1.1835 | 1.1370 | 1.1430 |
| 1.1550 | 1.2010 | 1.1300 | 1.1300 |
USD/JPY
Current level – 112.15
The reversal at 112.70 led to new low at 111.80 and my outlook is already positive, for a rise towards 112.80 hurdle, en route to 113.50. Crucial on the downside is 113.50.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 112.80 | 114.40 | 111.90 | 111.65 |
| 113.50 | 114.40 | 111.65 | 110.40 |
GBP/USD
Current level – 1.2906
Yesterday’s slide bottomed at 1.2870 and current rebound is corrective again, so there is still a risk of further depreciation, towards 1.2800 area. On the senior frames a reversal around these levels will set a finale of the prolonged consolidation below 1.3290 and will initiate a rise towards 1.3440.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2950 | 1.3440 | 1.2870 | 1.2800 |
| 1.3010 | 1.3440 | 1.2800 | 1.2570 |
