EUR/USD
Current level – 1.1015
After yesterday’s volatile session, the pair managed to successfully break the resistance level at 1.0994 and reach a session high around 1.1030. The volatility is likely to increase during today’s trading session as trade negotiations between the US and China head into the final rounds. A successful breakthrough of the resistance at 1.1030 should push the EUR/USD even higher towards 1.1100. However, if the support at 1.0994 doesn’t hold, the pair may head lower towards the support in the 1.0964 zone.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1030 | 1.1176 | 1.0994 | 1.0880 |
| 1.1070 | 1.1176 | 1.0964 | 1.0830 |
USD/JPY
Current level – 107.94
The pair managed to break higher from 107.439 and the expectations turn positive for this market with a key resistance level at 108.44. If sentiment deteriorates due to trade talks between the US and China breaking down, a move towards 106 levels and an increase in downside momentum is highly probable.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 108.11 | 108.44 | 107.44 | 106.40 |
| 108.44 | 108.80 | 106.68 | 105.80 |
GBP/USD
Current level – 1.2437
The volatility within GBP markets remains high amid Brexit talks between Boris Johnson and EU leaders. After the positive news yesterday, GBP/USD spiked higher to session highs around 1.2460. The sentiment today is likely to remain positive if no further news come up from the Brexit talks with a resistance level around 1.2500. However, GBP pairs remain extremely unclear due to the fast changing negotiations. In a negative direction, the first support zone is at 1.2410, followed by 1.2300 and 1.2200.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2463 | 1.2500 | 1.2335 | 1.2100 |
| 1.2500 | 1.2550 | 1.2300 | 1.2000 |
