EUR/USD
Current level – 1.1076
The picture has not changed much since yesterday and expectations for a test of the resistance at 1.1090 remain. If bulls manage to push through further, appreciation of the euro against the greenback and a test of the next major resistance at 1.1140 are likely. In the negative direction, only a break of the support zone at 1.1017 could deepen the sell-off towards the next levels of support. The Initial Jobless Claims data for the US (13:30 Uk time) and the ECB Monetary Policy Meeting Accounts (12:30 EET) could cause some volatility. If the data does not meet investor expectations, a more definitive move might develop.
| 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 – 108.47
Following the unsuccessful test of the support level at 108.20 and recent financial market sell-off, the outlook remains rather neutral with a slightly bearish note due to a rise in global geopolitical and macroeconomic risks. In positive direction, first resistance lies at 108.64, followed by 108.90 and 109.45.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 108.64 | 109.20 | 108.20 | 107.05 |
| 108.90 | 109.45 | 107.90 | 106.60 |
GBP/USD
Current level – 1.2926
The current forecast for the GBP/USD is for another test of the main resistance area at 1.2964 as bulls stepped in around 1.2880-1.2900 without a breakthrough of the 1.2861 level. On the downside, only a break of the support zone at 1.2766 could be a reason for further price declines.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2965 | 1.3000 | 1.2910 | 1.2820 |
| 1.3000 | 1.3180 | 1.2860 | 1.2760 |
