EUR/USD
Current level – 1.2109
The correction phase was limited by the support zone at 1.2082 and the bullish sentiment remains intact. The expectations are for the currency pair to head for another test of the critical resistance at 1.2174, which, if successful, would pave the way towards 1.2240. As long as EUR/USD keeps trading above the support zone at 1.2082, a deeper sell-off is very unlikely, but in case it occurs, it would be limited by the support at 1.1988.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2123 | 1.2240 | 1.2082 | 1.1925 |
| 1.2174 | 1.2340 | 1.1988 | 1.1889 |
USD/JPY
Current level – 104.12
The Greenback continues to depreciate against the yen and, at the time of writing, the pair is headed for a test of the support at 104.03, which, if successful, would be followed by a test of the main support at 103.72. In the positive direction, the closest resistance levels are 104.25 and 104.50. A possible breach of the second one could become a signal for a new bull run.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 104.25 | 105.05 | 103.72 | 102.20 |
| 104.50 | 105.39 | 103.26 | 101.10 |
GBP/USD
Current level – 1.3364
The Cable’s drop was stopped by the support at 1.3291, which, together with potential positive news coming from the EU/UK Brexit talks and the start of the mass vaccination process in the UK, could boost the pair and set it up for an attack of the resistance at 1.3390, followed by another test of 1.3500. In the negative direction, the first support is the aforementioned level of 1.3291.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3390 | 1.3497 | 1.3291 | 1.3204 |
| 1.3483 | 1.3600 | 1.3204 | 1.3104 |
