EUR/USD
Current level – 1.1071
The currency pair remains in the 1.1066-1.1114 range ahead of Jerome Powell speech at the Jackson Hole Symposium (scheduled to begin at 15:00 UK time). Only a successful break of the above mentioned levels would help determine further price action. In positive direction, a break of the resistance at 1.1114 should lead to a test of the next resistance level at 1.1150. In negative direction, a break in the support level may lead to a longer decline and a new test of the zone at 1.1020.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1114 | 1.1250 | 1.1066 | 1.1020 |
| 1.1160 | 1.1300 | 1.1020 | 1.0960 |
USD/JPY
Current level – 106.52
We saw another failed test for leaving the range of 106.25-106.76. The movement could continue in the same restricted range until the dollar finds the necessary support for a new test and break of the resistance at 106.76.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 106.75 | 107.50 | 105.70 | 104.46 |
| 107.50 | 108.50 | 105.00 | 100.00 |
GBP/USD
Current level – 1.2235
After the movement of the currency pair was restricted in the range 1.2100-1.2180 in the last two weeks, we saw a break of the resistance 1.2180 during yesterday’s session. The outlook for the British pound is currently positive for test of the area around 1.2400.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2250 | 1.2350 | 1.2183 | 1.2050 |
| 1.2350 | 1.2450 | 1.2100 | 1.1980 |
