EUR/USD
Current level – 1.1057
The breach of the resistance at 1.1070 seems successful and expectations for а continuation of the main trend towards 1.1000 remain valid. Should there be high bear activity, the price might even reach the September low at 1.0880. The key support from higher time frames remains 1.1170. Buyers might step in around near support levels at 1.1020 and 1.0970.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1070 | 1.1170 | 1.1020 | 1.0950 |
| 1.1100 | 1.1230 | 1.0970 | 1.0880 |
USD/JPY
Current level – 108.66
Following the equity markets, the greenback slumped against the yen. The resistance at 109.20 managed to hold two tests and the price should head towards the near support zone around 108.50. Prices could consolidate around the latter, but if global economic uncertainty rises and investors lose their risk appetite, the price could easily reach 108.00 and even push lower towards 107.40-106.60.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 108.90 | 109.90 | 108.50 | 107.40 |
| 109.20 | 101.60 | 107.95 | 106.60 |
GBP/USD
Current level – 1.2838
Trading continues in the range between 1.2780 and 1.3000 with bears leading the market at the moment. The Cable is struggling to find direction and today’s interest rate decision of the English Central bank (12 p.m. UK time) might spike volatility and give the market the needed push. A breach of either borders of the range would define the mid-term price action.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2860 | 1.3000 | 1.2800 | 1.2550 |
| 1.2970 | 1.3180 | 1.2780 | 1.2500 |
