EUR/USD
Current level – 1.2051
The attack on the resistance level at 1.2104 from yesterday was not successful and the EUR/USD lost ground. During the early hours of today`s trading session, the price has been hovering under the support zone at 1.2064. If the breach is confirmed, a drop towards the next target at 1.2028 is the most probable scenario. This could exacerbate the negative sentiment for the currency pair in the short term and could lead to further losses for the European currency. The first significant resistance for the bulls is found at around 1.2104, but a breach of the next resistance at 1.2148 could lead to a shift in the current market sentiments
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2060 | 1.2220 | 1.2030 | 1.2030 |
| 1.2150 | 1.2253 | 1.1960 | 1.1960 |
USD/JPY
Current level – 107.04
The dollar continues appreciating against the yen after the USD/JPY managed to violate the important resistance at 106.63 during yesterday’s trading session. The forecast is for the pair to continue rising towards the next resistance level at 107.02 that is coming from the higher time frames. In the negative direction, the first support is the level of 106.02.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 107.40 | 107.90 | 106.60 | 105.30 |
| 107.90 | 108.30 | 106.02 | 104.90 |
GBP/USD
Current level – 1.3946
The currency pair entered a correction phase at the end of last week, which deepened yesterday as the GBP/USD violated the support at 1.3926. The forecast is for the pair to continue moving downwards and to test the support levels at 1.3842 and at 1.3773. In the positive direction, the first resistance is the aforementioned level of 1.3926.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.4083 | 1.4179 | 1.3926 | 1.3770 |
| 1.4179 | 1.4300 | 1.3840 | 1.3680 |
