EUR/USD
Current level – 1.1270
The common European currency started losing ground against the dollar and in the early hours of today’s trading session tested and broke the support at 1.1285. The correction is expected to be limited by the next support at 1.1240, after which the upward movement should resume. The aforementioned support of 1.1285 is now acting as the first resistance.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1285 | 1.1400 | 1.1240 | 1.1190 |
| 1.1350 | 1.1500 | 1.1190 | 1.1140 |
USD/JPY
Current level – 107.05
Yesterday’s break below the support at 107.25 is now confirmed and the expectations for the currency pair are for a decline and test of the next support at 106.80, which could pave the way towards 106.05. In the opposite direction, the first important resistance is 107.80.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 107.80 | 108.50 | 106.80 | 106.80 |
| 107.15 | 109.35 | 106.05 | 106.00 |
GBP/USD
Current level – 1.2585
The rise of the pound against the dollar was stopped by the important resistance at 1.2665, followed by a moderate decline, which is expected to be limited by the support at 1.2550. The most likely scenario is for a new test of the resistance at 1.2665, which could pave the way towards 1.2780 and, eventually, the zone around 1.3000.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2640 | 1.2780 | 1.2550 | 1.2340 |
| 1.2665 | 1.2800 | 1.2400 | 1.2250 |
