EUR/USD
Current level – 1.1073
After breaching the resistance at 1.1060 the currency pair is preparing for a second test and a possible breach of the resistance around 1.1090. According to the price action, bulls are in control and expectations for a rally remain intact. Should the price breach 1.1090, the next target would be the resistance at 1.1140. Eventual retracement should remain limited above the zone 1.1040-1.1020 in order to preserve the positive picture.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1090 | 1.1170 | 1.1060 | 1.0990 |
| 1.1140 | 1.1200 | 1.1020 | 1.0880 |
USD/JPY
Current level – 108.57
Yesterday the yen rallied against the US dollar due to the investors’ rising concerns about economic growth and trade tensions. At the time of the analysis the price is below the resistance 108.64 and expectations are rather neutral, with a move towards the major support at 108.20 being probable. On the other hand, the main obstacle for the bulls is around 108.90.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 108.64 | 109.20 | 108.20 | 107.40 |
| 108.90 | 109.45 | 107.90 | 106.60 |
GBP/USD
Current level – 1.2951
The sterling is just at the upper band of a range going on for about a month. Preconditions are set and remain favorable for a break of the resistance at 1.2964, also a breach of the highs around 1.30 would strengthen the bull sentiment with potential target at 1.3180. The unfolding of the situation around Brexit will guide traders’ actions and spikes and high volatility are not excluded. The main support for the uptrend is the lower band of the range at around 1.2760-1.2780.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2965 | 1.3000 | 1.2910 | 1.2820 |
| 1.3000 | 1.3180 | 1.2860 | 1.2760 |
