EUR/USD
Current level – 1.0850
The euro continued its losing streak and reached the support of 1.0830, although the US announced a record 6.64 million new initial jobless claims. Last time such numbers were recorded was during the 2008 financial crisis. The price is above the support of 1.0830 and ,in case of a breach, a test of the minimums at 1.0650 is quite possible. The tendency for the downtrend to resume is still on the table as traders’ focus today will be towards non-farm payrolls data coming from the USA (13:30 GMT). Potential corrective movements should be restricted below the resistance of 1.0965.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.0965 | 1.1200 | 1.0830 | 1.0650 |
| 1.1080 | 1.1350 | 1.0650 | 1.0511 |
USD/JPY
Current level – 107.92
The dollar continues to lose ground against the yen. The expectations are for the downward move to continue towards the 105.10-105.50 zone as the pair breached below the important support at 107.51. In the opposite direction, the first resistance is the former support at 107.51 and the major one is at 108.52.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 108.50 | 111.35 | 107.30 | 105.10 |
| 109.90 | 113.70 | 105.60 | 103.60 |
GBP/USD
Current level – 1.2382
Since the beginning of this week the sterling is in a consolidation phase and prices are locked in between the 1.2300 and 1.2450 levels. Market sentiments are mixed and a breach of either side would define the short-term move of the currency pair.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2535 | 1.2650 | 1.2283 | 1.1440 |
| 1.2650 | 1.2800 | 1.2000 | 1.1300 |
