EUR/USD
Current level – 1.1205
Looks like the pair formed a range with support at 1.1170 and resistance at 1.1250. If the price breaks upwards, we may see a test of the 1.1280-1.1300 zone. Alternatively, a breakthrough of the support 1.1170 will pave the way for a test of the 1.1110-1.1115 zone.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1250 | 1.1300 | 1.1170 | 1.1020 |
| 1.1300 | 1.1350 | 1.1115 | 1.0960 |
USD/JPY
Current level – 105.52
We can see a slowdown of the downward momentum here and short-term consolidation. Although the support at 105.50 managed to hold a few tests and two fake breakthroughs, it’s too early to consider a market turn. A retracement towards 106.70 is a possibility and only a break of that level may be a sign for a potential turn in the market.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 106.75 | 108.40 | 105.50 | 104.46 |
| 108.40 | 110.00 | 105.00 | 100.00 |
GBP/USD
Current level – 1.2038
The pair managed to break out of the range and successfully found a new support at 1.2014. Expectations remain negative and only a breakthrough 1.2250 may show a turnaround in the market.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2086 | 1.2250 | 1.2014 | 1.1980 |
| 1.2250 | 1.2350 | 1.1980 | 1.1900 |
