EUR/USD
Current level – 1.1095
Although the currency pair was not able to test the important support level at 1.1068, the sentiment remains negative and a test of 1.1068 is expected. If it doesn’t hold, the negative momentum would increase and a test of the next major support level at 1.0980 would be on the map. On the positive side, reversing back above 1.1130 would help rule out the negative sentiment. Volatility should be expected today at 10:00 GMT when ZEW Economic Sentiment will be released.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1100 | 1.1170 | 1.1080 | 1.1030 |
| 1.1130 | 1.1200 | 1.1068 | 1.0980 |
USD/JPY
Current level – 109.97
After a brief correction the price managed to stay above the support level at 109.70, with expectations remaining on the positive side for a test of the next resistance at 110.60. In a downward direction, the first major support is at 109.70.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 110.20 | 110.65 | 109.70 | 108.80 |
| 110.65 | 111.00 | 109.20 | 107.90 |
GBP/USD
Current level – 1.3006
After a quick test of the support zone at 1.2959, the price bounced back towards 1.3000 level. If the currency pair manages to hold above the 1.3000 zone, the expectations would be for a test of the resistance level at 1.3120. However, the current consolidation from the bigger time frames would be over once we see a movement above 1.3200 or levels below 1.2920. Today market participants will keep a close eye on the unemployment numbers in the UK as they might give them hints about the future policy of the Bank of England.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3060 | 1.3210 | 1.3000 | 1.2915 |
| 1.3125 | 1.3260 | 1.2950 | 1.2790 |
