EUR/USD
Current level – 1.1223
The decline of the common European currency against the dollar halted slightly above the major support at 1.1180 without actually testing it. At the start of the new week, the expectations are positive – for a test at the resistance at 1.1240. This could take the pair back into the range 1.1240 – 1.1350 where it was trading before the aforementioned decline. The economic news that investors will be keeping an eye out for this week, is the announcement of the US nonfarm payrolls change on Thursday at 12:30 GMT.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1240 | 1.1400 | 1.1180 | 1.1100 |
| 1.1350 | 1.1500 | 1.1140 | 1.1100 |
USD/JPY
Current level – 107.16
The decline of the common European currency against the dollar halted slightly above the major support at 1.1180 without actually testing it. At the start of the new week, the expectations are positive – for a test at the resistance at 1.1240. This could take the pair back into the range 1.1240 – 1.1350 where it was trading before the aforementioned decline. The economic news that investors will be keeping an eye out for this week, is the announcement of the US nonfarm payrolls change on Thursday at 12:30 GMT.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 107.20 | 108.50 | 106.65 | 106.00 |
| 107.60 | 109.70 | 106.00 | 105.00 |
GBP/USD
Current level – 1.2339
The Cable continues to trade slightly above the important support at 1.2340 and briefly – even below it . In case the support at 1.2340 is violated, the bears would take control pushing the price down to the next support levels: 1.2280 and 1.2200. In the opposite direction, 1.2445 is an important resistance, which could be tested if the support at 1.2340 holds.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2450 | 1.2550 | 1.2340 | 1.2240 |
| 1.2500 | 1.2660 | 1.2280 | 1.2240 |
