EUR/USD
Current level – 1.1076
After the successful breakthrough of the resistance level at 1.1062, the currency pair settled at around 1.1080 after the weak US retail sales data. The current short-term uptrend is still intact with 1.1100 being the main resistance. If the pair successfully violates the aforementioned resistance, a move towards 1.1170 is probable. Minor support remains 1.1062 and a move below 1.1020 should push the price towards the support at 1.1000, followed by 1.0964.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1081 | 1.1177 | 1.1062 | 1.0939 |
| 1.1100 | 1.1230 | 1.1020 | 1.0880 |
USD/JPY
Current level – 108.76
The pair has been consolidating between the range 108.60-108.90 as demand for safe haven currencies, such as the Yen, remains rather low. Expectations are for a move above 108.90 towards the 109.00 zone. Support levels are the minor 108.57, followed by 108.11.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 108.90 | 109.00 | 108.60 | 107.40 |
| 109.00 | 109.30 | 108.11 | 107.00 |
GBP/USD
Current level – 1.2823
Despite a lot of conflicting statements and messages about the progress of the talks, positive sentiment around Brexit talks pushed the pair to new short-term highs, finding resistance at 1.2867. Today, traders will again focus on the ongoing Brexit negotiations and any positive news around them should push the pair even higher. However, there are still some differences and lack of clarity between both sides and volatility should be expected. A move below 1.2700 should pave the way towards the support at around 1.2500 and 1.2195.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2867 | 1.2890 | 1.2700 | 1.2345 |
| 1.2890 | 1.2970 | 1.2500 | 1.2200 |
