EUR/USD
Current level – 1.1415
The market is getting ready for today’s interest rate decision, which could result in additional volatility, but the overall bias remains positive, for a test of 1.1550.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1550 | 1.1835 | 1.1390 | 1.1300 |
| 1.1620 | 1.2010 | 1.1300 | 1.1110 |
USD/JPY
Current level – 113.70
The failure at 113.00 has obviously halted the bearish bias and the uptrend since 111.38 low remains intact. My outlook however remains counter-trend, for a slide towards 111.60.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 113.80 | 114.40 | 112.60 | 111.60 |
| 114.40 | 114.40 | 111.60 | 110.40 |
GBP/USD
Current level – 1.3119
The reversal at 1.3175 signals a minor corrective pattern, preceding another wave upwards, to 1.3250. Crucial support lies at 1.3040.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3175 | 1.3010 | 1.3040 | 1.2660 |
| 1.3250 | 1.3440 | 1.2970 | 1.2570 |
