EUR/USD
Current level – 1.1807
During the last trading session from the previous week, the pair couldn’t breach the resistance at 1.1843 and, at the time of writing this analysis, the EUR/USD is found in a consolidation phase in the range between 1.1800 – 1.1843. If the bears manage to breach the support at 1.1800, this would probably lead to a sell-off towards the next support found at 1.1748. On the other hand, if the bulls enter the market and successfully breach the resistance at 1.1843, then their next target should be the resistance at 1.1875. This week, investors’ attention will be focused on the Claimant Count unemployment rate for the U.S. (Wednesday; 12:30 GMT) and on the data on the consumer price index for the euro area (Friday; 09:00 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1843 | 1.1900 | 1.1800 | 1.1700 |
| 1.1875 | 1.1950 | 1.1748 | 1.1700 |
USD/JPY
Current level – 109.93
During the last trading session from the previous week, the pair couldn’t breach the resistance at 1.1843 and, at the time of writing this analysis, the EUR/USD is found in a consolidation phase in the range between 1.1800 – 1.1843. If the bears manage to breach the support at 1.1800, this would probably lead to a sell-off towards the next support found at 1.1748. On the other hand, if the bulls enter the market and successfully breach the resistance at 1.1843, then their next target should be the resistance at 1.1875. This week, investors’ attention will be focused on the Claimant Count unemployment rate for the U.S. (Wednesday; 12:30 GMT) and on the data on the consumer price index for the euro area (Friday; 09:00 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 110.20 | 110.78 | 109.58 | 109.23 |
| 110.40 | 111.00 | 109.58 | 108.74 |
GBP/USD
Current level – 1.3832
After the second unsuccessful test of the resistance at 1.3889, the pound is losing ground against the dollar and the forecasts for today’s trading session are for the pair to head towards the support level at 1.3788. However, if the bulls re-enter the market and manage to breach the resistance at 1.3889, this would pave the way for the currency towards the resistance at 1.4000. This week, investors’ attention will be focused on the Claimant Count data (Tuesday; 06:00 GMT) and the retail sales data for the UK (Friday; 06:00 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3851 | 1.3890 | 1.3788 | 1.3731 |
| 1.3890 | 1.4000 | 1.3765 | 1.3698 |
