EUR/USD
Current level – 1.1839
The euro continued its strong uptrend and the pair reached the resistance zone between 1.1880 and 1.1900. These levels come from the higher time frames and it is possible for the strength of buyers to weaken and the trend to enter a range phase. Given that the bulls manage to overcome 1.1900, their next goal will be 1.1950. Potential pullbacks or consolidations should remain limited above 1.1835 in order to maintain the integrity of the trend. Expectations remain positive for the continuation of the rally, and higher targets for buyers are 1.2000 and 1.2090. Today, market activity could rise significantly with the announcement of the non-farm payrolls for the United States and the unemployment rate at 12:30 GMT.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1890 | 1.1890 | 1.1800 | 1.1746 |
| 1.1950 | 1.1950 | 1.1770 | 1.1700 |
USD/JPY
Current level – 109.86
The pair continues to trade in the range with support at 109.58 and resistance at 110.20. The territory below the resistance 110.40 belongs to the bears and the attempts for the rally are aggressively sold. Expectations, however, remain neutral after the bulls failed to test again the low around 109.11. It is likely that the market expects a catalyst to find a unified direction and a breach of the range would define the pair’s subsequent direction.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 110.20 | 110.78 | 109.58 | 109.11 |
| 110.40 | 111.00 | 109.11 | 108.74 |
GBP/USD
Current level – 1.3838
The rally of the Cable gained momentum and reached the resistance zone between 1.3843 and 1.3868. It is possible for prices to pull back towards the main support in the area 1.3800-1.3780. The forecasts remain positive and with a break of the resistance of 1.3868, the rally can be expected to continue towards 1.3930.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3840 | 1.3930 | 1.3800 | 1.3680 |
| 1.3870 | 1.4000 | 1.3780 | 1.3600 |
