EUR/USD
Current level – 1.1374
We are observing a market range as yesterdays failed test at 1.1420 does not change the negative expectations. There is a possibility for a test and may be breakthrough of 1.1319. Breaking the next key zone around 1.1214 we can expect a fall to 1.1035.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1360 | 1.1500 | 1.1320 | 1.1200 |
| 1.1420 | 1.1620 | 1.1260 | 1.0850 |
USD/JPY
Current level – 112.71
The quick recovery after the fall to 112.22 doesn’t change my negative expectations. The lack of new highs on the big time frames suggests a change in the market mood. Here 112.20 is a key level as it also is on a trend line. We can expect a possible correction to 112.98 and a second test of 112.20, if it gets broken the next target is 111.30.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 114.00 | 114.50 | 113.10 | 112.30 |
| 114.20 | 116.20 | 112.60 | 111.60 |
GBP/USD
Current level – 1.2772
It seems that the pair can’t find it’s way after several tests of the 1.2820 zone. I expect a fall from the current levels as the target is the historically strong 1.2660. If the level gets broken the dall could extend to 1.2340.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2860 | 1.3250 | 1.2720 | 1.2660 |
| 1.2920 | 1.3440 | 1.2660 | 1.2340 |
