EUR/USD
Current level – 1.1258
The currency pair made an unsuccessful attempt to breach the support at 1.1240 and now, facing the positive sentiment, it is expected to resume its upward movement and test the resistance at 1.1350. This could pave the way towards the important resistance at 1.1404. Today, a spike in volatility can be expected around the building permits release for the United States at 12:30 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 – 107.21
The currency pair made an unsuccessful attempt to breach the support at 1.1240 and now, facing the positive sentiment, it is expected to resume its upward movement and test the resistance at 1.1350. This could pave the way towards the important resistance at 1.1404. Today, a spike in volatility can be expected around the building permits release for the United States at 12:30 GMT.
| 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 – 1.2556
The Cable failed to extend the previous day’s gains, losing as much as a figure during yesterday’s trading session. This trend is expected to continue, pushing the pair towards a test at the support at 1.2500. In the opposite direction, the two important resistance levels at 1.2610 and 1.2645 have to be overcome, in order for the bullish sentiment to be restored.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2610 | 1.2800 | 1.2500 | 1.2240 |
| 1.2725 | 1.2880 | 1.2360 | 1.21606 |
