EUR/USD
Current level – 1.1195
It looks like the pair has troubles hanging above the psychological 1.1200. The buyers got knocked down every time around the 1.1240 area, if the sellers overwhelm them at the end of the consolidation, we might see a continuation of the down trend towards 1.1100-1.1000.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1240 | 1.1300 | 1.1160 | 1.1020 |
| 1.1300 | 1.1350 | 1.1130 | 1.0960 |
USD/JPY
Current level – 105.98
We can see a slowdown of the downward momentum here and development of a retracement market phase. Although the support at 105.50 managed to hold a few tests, it’s early to consider a market turn. The retracement can continue and even test 107.20, only a break of that level can be a sign for а potential turn in the market.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 106.80 | 108.00 | 105.50 | 104.46 |
| 107.25 | 110.00 | 105.00 | 100.00 |
GBP/USD
Current level – 1.2137
It seems like the pound traders are on holiday because the price action since the beginning of the month hasn’t offered nothing more than a narrow range. It is possible for this to be a longer consolidation. Uncertainties around the Brexit deal and the fact that the British parliament is in summer recess do not give investors much hope. A break on either side of the range could define the next move of the market.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2250 | 1.2350 | 1.2100 | 1.1980 |
| 1.2250 | 1.2520 | 1.2090 | 1.1900 |
