EUR/USD
Current level – 1.1342
The currency pair resumed its upward movement after yesterday’s appreciation of the euro against the dollar and this trend is expected to continue after the short correction to 1.1212 has already ended. The first important support is the level 1.1212-1.1240, and the important resistance is at 1.1404. Today, investors’ attention will be focused on ZEW’s Economic Expectations for Germany at 10:00 GMT.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1350 | 1.1500 | 1.1240 | 1.1140 |
| 1.1400 | 1.1570 | 1.1200 | 1.1100 |
USD/JPY
Current level – 107.45
The last few trading sessions have seen slightly lower volatility, which is partly due to the lack of clear direction, hesitation of the investors, as well as today’s decision at 04:00 GMT of the Central Bank of Japan to leave the key interest rate unchanged. However, the forecasts are for the appreciation of the dollar against the yen to gain momentum with the first important resistance being 107.92, and the first support is the level at 106.82.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 107.40 | 108.70 | 106.80 | 106.00 |
| 107.90 | 109.75 | 106.00 | 105.00 |
GBP/USD
Current level – 1.2666
The pound strengthened against the dollar and in the early hours of today’s trading session and managed to break the important resistance at 1.2645, which is now a level of support. It is expected that this upward movement will continue and the pair will test the next resistance at 1.2724. The first significant support after 1.2645 is at 1.25.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2610 | 1.2800 | 1.2500 | 1.2240 |
| 1.2725 | 1.2880 | 1.2360 | 1.2160 |
