EUR/USD
Current level – 1.1332
After the retracement to 1.3999 and the following sharp fall the expectations remain negative. It’s possible to see a rise up to the 1.1350 zone and afterwards a renewal of the downtrend. The first target is 1.1260 followed by 1.1210 in extension.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1350 | 1.1450 | 1.1300 | 1.1210 |
| 1.1400 | 1.1500 | 1.1260 | 1.0850 |
USD/JPY
Current level – 113.44
We can say the breakthrough of 113.00 was successful. The first resistance for the move upwards is the 113.80 zone. Historically strong resistance is 114.50 and for rallies further we’ll have to see a successfully break of that level otherwise a failed test can bring the pair to 112.00.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 113.65 | 114.50 | 113.00 | 112.20 |
| 114.00 | 116.20 | 112.50 | 111.60 |
GBP/USD
Current level – 1.2510
The powerful break of 1.2690 suggests continuation of the downtrend after the consolidation. To find hope for rising the sterling should go back above 1.2690. Political insecurity may give momentum to the downfall and we could soon observe levels around 1.2200.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2600 | 1.2880 | 1.2500 | 1.2360 |
| 1.2690 | 1.3030 | 1.2460 | 1.2140 |
