EUR/USD
Current level – 1.1049
The downtrend continues as the price successfully broke through the 1.1112 support and briefly fell below 1.1040. A successful break through the minor resistance at 1.1080 would help the EUR/USD retrace back towards the levels of resistance at 1.1112.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1112 | 1.1230 | 1.1030 | 1.0930 |
| 1.1200 | 1.1350 | 1.1010 | 1.0850 |
USD/JPY
Current level – 109.20
The resistance at 108.93 did not hold as the pair heads towards the next major resistance at 110.50. The broken resistance at 108.93 should act as a minor support which, if broken, might push the USD/JPY towards the major support at 108.40.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 109.30 | 110.50 | 108.50 | 106.90 |
| 110.50 | 112.40 | 107.20 | 104.50 |
GBP/USD
Current level – 1.2132
After yesterday’s volatile session the currency pair retraced towards 1.2250 which may act as a minor resistance. We have yet to see whether the support at 1.2120 will hold as the pair is trading near it. If the GBP/USD successfully pushes through, we might see a test of 1.2040.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2250 | 1.2560 | 1.2040 | 1.2100 |
| 1.2250 | 1.2790 | 1.1980 | 1.1980 |
