EUR/USD
Current level – 1.1136
The currency pair did not manage to break the important resistance and former support at 1.1138 and a new third test of that resistance is expected. If the pair manages to break this level, it should head towards the highest level for the past two months at 1.1178. If the test of 1.1138 is not successful, the common currency might lose some ground against the greenback and test the first important support at 1.1110, followed by 1.1064. There shouldn’t be any surprises in regards to ECB’s interest rate decision (12:45 UK time) but the forward guidance during Draghi’s last press conference (13:30 UK time) should cause some volatility.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1140 | 1.1240 | 1.1110 | 1.0960 |
| 1.1170 | 1.1270 | 1.1062 | 1.0880 |
USD/JPY
Current level – 108.58
The pair is in a consolidation between 108.14 and 108.89 and the support at 108.14 is expected to stop potential declines. If this support level does hold, the pair is expected to continue the uptrend and head for a test of the important resistance at 108.89.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 108.90 | 109.00 | 108.15 | 107.40 |
| 109.20 | 109.30 | 107.80 | 107.00 |
GBP/USD
Current level – 1.2916
The pound did not manage to break the important psychological level and key resistance at 1.2980-1.3000 even though it is its third test of that level. After this failure, the currency pair is consolidating as it drops to 1.2840. The uncertainty around Brexit may cause a high volatility and send the pair to either side, but in a technical aspect, the key support at 1.2785 is expected to hold and the pair should head towards a new test and eventual break of 1.3000.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2990 | 1.3180 | 1.2890 | 1.2560 |
| 1.3000 | 1.3300 | 1.2780 | 1.2400 |
