EUR/USD
Current level – 1.1948
During yesterday’s trading session, the pair managed to breach two important resistance levels: one at 1.1900 and another at 1.1945. The forecast is for the euro to continue to appreciate against the dollar and for the pair to approach the zone of around 1.2000, followed by the resistance from the higher time frames at 1.2080. In the negative direction, the recently breached resistance at 1.1945 is now acting as the closest support level.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2080 | 1.2080 | 1.1945 | 1.1725 |
| 1.2200 | 1.2200 | 1.1845 | 1.1580 |
USD/JPY
Current level – 105.63
The dollar managed to partially regain its losses against the yen, staying above the important support at 105.20. At the time of writing, the pair is found just below the resistance at 105.70. In case this level is violated, the bulls would regain control, pushing the price towards the next resistance at 106.40.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 105.70 | 106.15 | 105.20 | 103.00 |
| 106.40 | 106.40 | 104.70 | 102.00 |
GBP/USD
Current level – 1.3372
The Sterling continues to rise against the dollar as the pair managed to breach yet another key resistance – the one at 1.3350. The forecast is for the uptrend to continue, with the first target being the resistance at 1.3510. In case a short-term correction of the uptrend develops, it should be limited to the support at 1.3250. The most important economic data for the Cable today will be the mortgage approval numbers (08:30 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3510 | 1.3600 | 1.3350 | 1.3080 |
| 1.3600 | 1.3800 | 1.3250 | 1.3015 |
