EUR/USD
Current level – 1.1129
The pair seems to be in a retracement phase and the price managed to bounce off of the support at 1.1110 after president Trump was impeached on two counts by the US House of Representatives. Here expectations remain positive for a test of the resistance 1.1170 and eventually 1.1200. Key support remains 1.1110 from the current time frame, and from the bigger ones it is 1.1060. Today volatility can be expected around the initial jobless claims data coming from the US at 13:30 GMT.
| 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 – 109.56
The decision of Bank of Japan (BOJ) to keep interest rates unchanged didn’t influence significantly the yen. The price is moving in the range between 109.40 and 109.60 with the tendency to test and breach the previously formed high at 109.69. As minor support we can count on 109.20 and the larger one coming from a higher time frame is 108.90
| 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 – 1.3081
The Pound remains under pressure erasing all gains after the general elections in the UK and even broke the support at 1.3100. Nearest significant support remains the upper limit of the last range at 1.2970. Later today UK retail sales data is expected (9:30 GMT), as well as Bank of England’s (BOE) interest rate decision due at noon (12:00 GMT). Depending on the numbers, the recent breach could be a faker and the price to return above 1.3100. If this becomes the case, a rally towards the resistance area 1.3170-1.3220 is likely to happen.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3100 | 1.3220 | 1.2970 | 1.2790 |
| 1.3170 | 1.3300 | 1.2970 | 1.2790 |
