EUR/USD
Current level – 1.2284
In the first hours of today’s trading session, the pair tested and briefly breached the important resistance at 1.2309, but in the end failed to stay above it and a sharp sell-off of the euro followed. It is possible that the test of the mentioned resistance at 1.2309 will be repeated during the day and, if the price again fails to stay above it, this will be a clear signal of an impending downward movement. The first support is the level of 1.2270. Today, investors’ attention will be focused on ADP’s data on non-farm employment change for the United States (13:15 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2309 | 1.2430 | 1.2270 | 1.2084 |
| 1.2309 | 1.2500 | 1.2161 | 1.1989 |
USD/JPY
Current level – 102.79
The dollar continues to lose value against the yen, reaching levels of 102.57 at the beginning of today’s trading session. The forecast is for this downward movement to continue and for the pair to go for a test of the critical support at 101.20. The first important resistance is the level of 103.01.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 103.01 | 103.72 | 102.60 | 101.20 |
| 103.49 | 104.03 | 101.20 | 101.00 |
GBP/USD
Current level – 1.3598
After reaching another local peak at 1.3701 during the first trading session of the week, the currency pair is found in a consolidation phase, but forecasts are for a continuation of the upward movement, a test of the mentioned peak at 1.3701 and, in case of a breach – a test of the next resistance at 1.3770 as well. The first important support is the level of 1.3539.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3701 | 1.3770 | 1.3540 | 1.3497 |
| 1.3701 | 1.3800 | 1.3540 | 1.3446 |
