EUR/USD
Current level – 1.1102
After successfully breaking through the support level at 1.1110, EUR/USD implies an attempt to test the support area near the level of 1.1064. In case the aforementioned support does not hold, the short-term uptrend should come to an end and a move towards 1.0990 becomes likely. Today’s German IFO Current Conditions (09:00 UK time) could have a strong impact on the pair.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1140 | 1.1240 | 1.1060 | 1.0960 |
| 1.1170 | 1.1270 | 1.1020 | 1.0880 |
USD/JPY
Current level – 108.59
The consolidation between 108.14 and 108.89 continues for USD/JPY. Expectations are for a test of the support level at 108.14 before the uptrend continues. There is a minor resistance level at 108.71 before the major 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 – 1.2834
The uncertainty around Brexit continues to be the main factor influencing the fluctuations of the Cable. After three unsuccessful attempts to breach the key resistance at 1.2980, a test of the support level at 1.2785 is expected. If it holds, the pair should head towards another test of 1.2980.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2890 | 1.3180 | 1.2780 | 1.2560 |
| 1.2990 | 1.3300 | 1.2700 | 1.2400 |
