EUR/USD
Current level – 1.0918
The currency pair consecutively breached two important resistance levels, at 1.0830 and 1.0886, during yesterday’s trading session and the most likely scenario is the greenback to continue losing ground against the common currency. The next target is the resistance at 1.0963, which, if broken, could pave the way towards the 1.1000 zone. In the negative direction, the aforementioned level at 1.0886 is now acting as a support. The investors will be focusing on the data for the building permits in the USA (12:30 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.0960 | 1.0960 | 1.0880 | 1.0650 |
| 1.1015 | 1.1015 | 1.0770 | 1.0560 |
USD/JPY
Current level – 107.31
After two unsuccessful attempts to breach the resistance at 107.37, the pair is headed for another test at this level, which, if broken, could pave the way towards 108.00. If the test fails again, then the expectations are for a downward movement towards 107.06 and 106.80.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 107.40 | 108.00 | 107.06 | 106.45 |
| 108.00 | 108.50 | 106.80 | 105.60 |
GBP/USD
Current level – 1.2212
The Cable found a bottom at 1.2074 and bounced back, reaching the zone above 1.2200. At the time of writing, the pair is just above the support at 1.2188. If it manages to stay above this support, the retracement might continue further. Alternatively, if 1.2188 doesn’t hold, the most likely scenario would be another test at 1.2074.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2188 | 1.2360 | 1.2040 | 1.1800 |
| 1.2278 | 1.2440 | 1.1980 | 1.1460 |
