EUR/USD
Current level – 1.0937
The EUR/USD continued its downward move from last week and sharply fell under 1.0973. The bears are in control and are getting ready to push the pair towards fresh lows. Next support level is at around 1.0920 and, if the euro continues to lose ground against the dollar – 1.0850. In the opposite direction, we might see a minor move towards 1.0973, but the pair needs to stage a clear break above 1.1026 before testing the resistance at 1.1055.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1025 | 1.1055 | 1.0920 | 1.0860 |
| 1.1055 | 1.1112 | 1.0850 | 1.0850 |
USD/JPY
Current level – 106.27
Volatility remains low as the USD/JPY is making its way up towards the resistance zone at 106.42. A successful break through this area could improve sentiment and lead to an attempt at 106.677. If successful, the bulls should aim for 107.20. On the downside, support is at 105.68 and if it does not hold, the next one is at the 105.07-105.18 zone.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 106.68 | 107.50 | 105.90 | 104.43 |
| 107.20 | 107.80 | 105.60 | 104.00 |
GBP/USD
Current level – 1.2056
The Cable found a bit of support between the 1.2050 and 1.2077 after yesterdays’ serious selloff. If negative sentiment persists, another move down towards new lows is highly probable. Conversely, if the situation around Brexit improves, first resistance lies at 1.2075, followed by 1.2100.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2075 | 1.2205 | 1.2020 | 1.1890 |
| 1.2100 | 1.2300 | 1.1890 | 1.1720 |
