EUR/USD
Current level – 1.1803
The currency pair is headed for another test of the minor resistance at 1.1815 after it breached it yesterday, but failed to stay above it. In case the EUR/USD manages to violate the aforementioned resistance, then it is possible to witness a test of the key resistance at 1.1903. The first important support lies at 1.1694. Today, the most important events for the currency pair are the Eurozone GDP change rate (09:00 GMT) and the U.S. retail sales (12:30 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1815 | 1.2080 | 1.1694 | 1.1580 |
| 1.1903 | 1.2200 | 1.1583 | 1.1460 |
USD/JPY
Current level – 106.97
The currency pair continues to rise and is about to test the two important resistance levels at 107.18 and 107.50. In case the bulls remain in control, we could witness a test of the next important resistance at 108.10, while any possible corrections should be limited to 106.15.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 107.18 | 107.50 | 106.15 | 104.85 |
| 107.50 | 108.10 | 105.55 | 104.20 |
GBP/USD
Current level – 1.3050
The Cable continues to trade in the relatively narrow range between 1.3000 and 1.3180. A breach of any of the borders of the range would define the future movement of the pair. However, at the time of writing, the bearish scenario for a breach of 1.3000 and a test at 1.2950 is more likely to occur.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3160 | 1.3200 | 1.3002 | 1.2898 |
| 1.3160 | 1.3300 | 1.2950 | 1.2758 |
