EUR/USD
Current level – 1.1704
The currency pair managed to close yesterday’s trading session just below the important support level of 1.1708, but this still cannot be considered as а breach. However, the expectations are for a confirmed breach of the mentioned support, which will further reinforce the downward movement. An important resistance is the level of 1.1746. Today, investors’ attention will be focused on the data for the retail sales in the United States (13:30 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1790 | 1.1870 | 1.1676 | 1.1639 |
| 1.1840 | 1.1200 | 1.1676 | 1.1615 |
USD/JPY
Current level – 105.21
The forecast for USD/JPY is for an upward movement after the pair tested, but failed to breach, the important support at 105.01. A second test of this level is possible, but it is expected that this support will not be breached yet again, thus further strengthening the upward movement. The first important resistance is found at 105.51.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 105.50 | 106.00 | 105.00 | 104.40 |
| 105.80 | 107.20 | 104.40 | 104.00 |
GBP/USD
Current level – 1.2894
Since the beginning of the month, the currency pair has been moving in a relatively narrow range (between 1.2850 – 1.3080), and is currently close to reaching the lower boundary of this range. A breach of any of the boundaries or their corresponding resistance and support levels at 1.3065 and at 1.2831 will determine the future movement of the pair. For now, the expectations are for a downward movement and a test of the support at 1.2831 which, if breached, would help the downward price move gain further momentum.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3065 | 1.3100 | 1.2831 | 1.2770 |
| 1.3100 | 1.3146 | 1.2831 | 1.2770 |
