EUR/USD
Current level – 1.1164
The correction phase seems to be over and the pair is preparing for a charge towards the resistance at 1.1170. The downward move was shallow and remained limited above the support 1.1140. The bulls are looking confident and a breach of 1.1170 could spur a rally towards the next resistance zone at 1.1240.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1168 | 1.1240 | 1.1139 | 1.1073 |
| 1.1240 | 1.1270 | 1.1100 | 1.0960 |
USD/JPY
Current level – 108.02
The currency pair made a second unsuccessful attempt to breach the important resistance at 108.90. In case it stays above the support at 108.48, another attempt at 108.90 could be expected. An eventual break of the aforementioned should lead to a continuation of the move up.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 109.30 | 109.70 | 108.50 | 107.85 |
| 109.70 | 110.00 | 108.15 | 107.00 |
GBP/USD
Current level – 1.2960
The Cable continues to trade in the range between 1.2780 and 1.30. The news of the upcoming general elections in the UK supported the sterling and bulls are acting on it. Expectations remain positive for continuation of the trend and a breach of 1.30 could lead the price to first resistance at 1.3120. The key support is the lower band of the range at 1.2780.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3000 | 1.3180 | 1.2910 | 1.2780 |
| 1.3120 | 1.3300 | 1.2840 | 1.2550 |
