EUR/USD
Current level – 1.1796
After the failed attempt to breach the resistance at 1.1880 the pair started a corrective move, which was limited by the support zone at around 1.1790. The forecast is for the uptrend to resume, leading to another test of 1.1880, which could pave the way towards the key resistance at 1.1935. In the negative direction, the first support lies at 1.1791. Today, a spike in volatility can be expected around the announcement of the preliminary manufacturing PMI and PMI services numbers for the U.S. at 13:45 GMT.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1825 | 1.2000 | 1.1790 | 1.1745 |
| 1.1880 | 1.2100 | 1.1750 | 1.1700 |
USD/JPY
Current level – 104.72
The dollar continues losing ground against the major world currencies, including the yen. The sharp decline stopped around the support level at 104.50, but at the time of writing, the pair is trading just above this level and the most likely scenario is for another test of 104.50 and a further decline towards the levels below 104.00. In the opposite direction, the first resistance lies at 105.01.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 105.01 | 105.51 | 104.50 | 104.40 |
| 105.36 | 105.77 | 104.30 | 103.00 |
GBP/USD
Current level – 1.3068
The Cable failed to stay above the resistance at 1.3146, but possible positive news coming from the Brexit talks, as well as a lack of progress in the new stimulus package negotiations for the U.S. economy, could boost the pair and lead to another test and a possible breach of this important resistance. In the opposite direction, the first support lies at 1.3065. Today, a spike in volatility can be expected around the announcement of the preliminary manufacturing PMI for the UK at 08:30 GMT.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3146 | 1.3288 | 1.3065 | 1.2891 |
| 1.3288 | 1.3350 | 1.3010 | 1.2831 |
