EUR/USD
Current level – 1.2271
During the first trading session for the year, the currency pair tested the resistance zone at 1.2309 once again, after which a downward correction followed. The bulls managed to remain in control and, at the time of writing the analysis, the expectations are still positive – for another test of the mentioned resistance. The more important level for the bears is the support level at 1.2161. Today, the ISM manufacturing data, as well as the ISM prices paid data (17:00 EET), will be in the investors’ spotlight.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2270 | 1.2430 | 1.2206 | 1.2084 |
| 1.2309 | 1.2500 | 1.2161 | 1.1989 |
USD/JPY
Current level – 103.02
The control is still in the hands of the bears after the failed test of the resistance zone at 103.27. At the time of writing, the price movement is facing a test of the support zone at 103.01. If this level is overcome by the bears, the next more significant support will lie at the 101.00 level.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 103.27 | 103.72 | 103.01 | 101.20 |
| 103.49 | 104.03 | 101.20 | 101.00 |
GBP/USD
Current level – 1.3583
After the rally from the last week of 2020, the Cable failed to confirm the breach of the resistance at 1.3668, which led to a sell-off and a test of the support zone at 1.3539. If the sell-off does not deepen, it can be considered to be a corrective phase. At the time of writing the analysis, the expectations for the future move of the GBP/USD are rather positive – for a new attack of the mentioned resistance at 1.3668.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3620 | 1.3770 | 1.3540 | 1.3497 |
| 1.3668 | 1.3800 | 1.3540 | 1.3446 |
