EUR/USD
Current level – 1.0990
The euro ended last week with new lows against the US dollar. The new lower low suggests a renewal of the downtrend. It’s possible to witness a short-term retracement towards the 1.1050 zone. If this resistance holds, we may see new lows and a run towards 1.0830.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1050 | 1.1160 | 1.0950 | 1.0740 |
| 1.1110 | 1.1220 | 1.0830 | 1.0590 |
USD/JPY
Current level – 106.17
Here the picture remains almost unchanged. The price was again rejected at the top of the range at 106.70. However, the sentiment remains positive for another push of the bulls and a probable breach above 106.70, since the pair is now at a local support level. If the price fails to breach the top of the range, we might see more of the same price action as in the last couple of weeks.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 106.73 | 107.50 | 106.20 | 104.43 |
| 107.50 | 108.50 | 105.60 | 104.00 |
GBP/USD
Current level – 1.2156
The price recently breached the nearest support at 1.2170 and it would be nice to see if that level will hold. If it does, this can open the way for a drop towards 1.2110. The time for the prime minister Johnsson to negotiate a better deal with the EU is running out, so news around the progress could trigger sudden and sharp moves of the market.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2300 | 1.2450 | 1.2170 | 1.2014 |
| 1.2380 | 1.2520 | 1.2100 | 1.1900 |
