EUR/USD
Current level – 1.1056
The currency pair breached the resistance at 1.1020 and is preparing for a test of the next levels at 1.1063 and 1.1090 as the retracement continues. If the test at the aforementioned levels is unsuccessful, a movement towards 1.0990 would be the most likely scenario.This week all eyes will be on the US-China trade war and information regarding the future monetary policy of the ECB and FED.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1065 | 1.1140 | 1.1020 | 1.0900 |
| 1.1090 | 1.1170 | 1.0990 | 1.0880 |
USD/JPY
Current level – 108.79
The sentiment is still bullish for USD/JPY as the pair managed to hold above 108.64. The expectations are for a movement towards the resistance zone around 108.90 and eventually a new test of the local peaks at 109.20 and 109.45. The main support remains around 107.90 zone.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 108.90 | 109.90 | 108.20 | 107.40 |
| 109.45 | 110.60 | 107.90 | 106.60 |
GBP/USD
Current level – 1.2918
The Cable continues to rise after it breached yet another resistance level at 1.2910. The expectations are for a movement towards the resistance zone around 1.2964, while the traders remain focused on any news regarding Brexit. The support levels are 1.2860 and 1.2820.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2965 | 1.3000 | 1.2915 | 1.2550 |
| 1.3000 | 1.3180 | 1.2820 | 1.2500 |
