EUR/USD
Current level – 1.1144
The pair is expected to continue the upward movement and again test the important resistance at 1.1199. In the event of a breakthrough, the euro should continue to gain ground against the dollar, testing the resistance at 1.1275 and weak US economic data (13:30 GMT) will increase the odds of that. In a downward direction, the pair faces significant support at 1.1109, followed by 1.1066 and while the EUR/USD holds above these levels, the bullish scenario will remain intact.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1170 | 1.1200 | 1.1110 | 1.1060 |
| 1.1200 | 1.1270 | 1.1060 | 1.1000 |
USD/JPY
Current level – 109.51
The key resistance at 109.69 was tested once again, but without success. Expectations are for another test of the aforementioned level, which, if broken, will increase the chances of stronger move up. If the resistance does hold, the pair should head downwards – towards the first important support at 109.20.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 109.70 | 110.50 | 109.20 | 108.60 |
| 109.90 | 111.00 | 108.90 | 108.40 |
GBP/USD
Current level – 1.3291
Following a sharp rise to the local peak at 1.3512 on Friday last week resulting from the British general elections, the pound has receded to the dollar and is currently in consolidation at around 1.3290. However, expectations are that the upward movement will be restored and the pair should go for a test of the resistance at 1.3492 and the local peak at 1.3512. The first important support is the 1.3220 level.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3300 | 1.3500 | 1.3180 | 1.3050 |
| 1.3490 | 1.3600 | 1.3100 | 1.2945 |
