EUR/USD
Current level – 1.1242
The positive momentum continues as the currency pair successfully broke through 1.1180 and is now testing the next resistance zone from the higher time frames at around 1.2040. If successful, a move towards the highs from July 2019 at 1.1275, followed by 1.1300 will be the more likely scenario. In the opposite direction, the first support is now the former resistance zone at 1.1180, followed by 1.1109. Today the major events that would be closely monitored by traders are the nonfarm payrolls coming from the US (13:30 GMT) as well as the US unemployment rate (13:30 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1240 | 1.1300 | 1.0990 | 1.0900 |
| 1.1280 | 1.1460 | 1.0960 | 1.0860 |
USD/JPY
Current level – 105.94
The dollar continues its struggle against the yen as the price managed to breach the support zone at 106.82. The negative sentiment is still intact and a bearish move towards 105.30 is highly probable. Any corrective moves should be limited to the resistance at 107.51 with a break of 108.52 needed to change the current expectations of the market participants.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 107.50 | 110.00 | 105.30 | 104.00 |
| 108.50 | 110.50 | 104.50 | 102.80 |
GBP/USD
Current level – 1.2960
The Cable successfully violated the resistance zone at 1.2900 and is currently headed towards the next target at 1.3015. If the GBP/USD breaks through the latter, bullish momentum will increase even more and 1.3060 will be in sight. However, at the moment of writing, price action has slowed down a bit, dictating a possible corrective move towards the minor support at 1.2900.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2960 | 1.3000 | 1.2900 | 1.2750 |
| 1.3000 | 1.3060 | 1.2860 | 1.2530 |
