EUR/USD
Current level – 1.1799
The currency pair is in a consolidation phase around the support zone at 1.1800. After a few days of the euro depreciating against the US dollar, the sell-off was limited to 1.1760 and it is possible to witness a test of the resistance level at 1.1860, if the bulls manage to gain enough momentum. Today, there is no expected economic news that would affect the movement of the currency pair.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1860 | 1.1960 | 1.1800 | 1.1580 |
| 1.1900 | 1.2080 | 1.1699 | 1.1460 |
USD/JPY
Current level – 105.74
The USD/JPY is still trading in the narrow channel 105.45 – 106.15. The range-bound movement will continue until either the negative or positive sentiments of the market participants prevail. The main support zone for the bears is the level at 105.20. In the opposite direction, the level that would play the role of a setback for the bulls is the zone 106.40.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 106.41 | 106.93 | 105.45 | 104.88 |
| 106.93 | 107.50 | 105.20 | 104.20 |
GBP/USD
Current level – 1.3092
The sterling performed nicely yesterday and finished the day in the green. Bulls found the expected support around 1.3080. Expectations remain positive and a breach of 1.3250 seems possible with a daily target around 1.3300. If, however, bulls fail to overtake 1.3250, the consolidation would continue to develop and the market could wait for an event that could spark a big move. Intraday supports lie around 1.3140 and 1.3080.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3140 | 1.3300 | 1.3080 | 1.2950 |
| 1.3250 | 1.3345 | 1.3000 | 1.2895 |
