EUR/USD
Current level – 1.1375
The violation of 1.1420 allowed a slide to 1.1310 and the overall outlook is bearish, for a continuation of the slide towards 1.1214 lows. Intraday allow a brief corrective rebound, which is expected to be limited below 1.1420 hurdle.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1420 | 1.1500 | 1.1310 | 1.1214 |
| 1.1500 | 1.1630 | 1.1214 | 1.1100 |
USD/JPY
Current level – 107.78
Last night’s flash crash led to a local low at 104.60 and now the bias is already positive, for a test of 108.70 static resistance. Initial support lies at 106.70.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 108.70 | 111.45 | 106.70 | 106.70 |
| 110.20 | 112.20 | 104.60 | 104.60 |
GBP/USD
Current level – 1.2579
The break through 1.2710 support was followed by a massive sell-off, all the way down to 1.2420. The current rebound is corrective and the intraday bias is positive, for a rise towards 1.2620 area.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2620 | 1.2885 | 1.2540 | 1.2420 |
| 1.2710 | 1.3250 | 1.2420 | 1.2340 |
