EUR/USD
Current level – 1.0977
Yesterday the EUR/USD slide was stopped at 1.0940 and was followed by a retracement towards 1.0973 and 1.0992. If the pair manages to break above 1.0992, the expectations are to test the support at 1.1050. However, if the move to the downside continues, the pair should test the 1.0940 zone.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1025 | 1.1055 | 1.0920 | 1.0860 |
| 1.1055 | 1.1112 | 1.0850 | 1.0850 |
USD/JPY
Current level – 105.87
Volatility remains low as the USD/JPY continues its range bound trading after two unsuccessful attempts to break above 106.40. A successful break above this resistance level would pave the way to 106.67. In case of a move to the downside, the levels around the 105.63 should act as support.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 106.68 | 107.50 | 105.90 | 104.43 |
| 107.20 | 107.80 | 105.60 | 104.00 |
GBP/USD
Current level – 1.2096
Cable dropped to multi-month lows hitting 1.1958 as Britain continued its descend into political chaos. However, after there were news that the British parliament will try to delay a no-deal Brexit at least to Jan. 31, the pound recovered most of its losses. As of the current moment uncertainty continues as the PM threatened new parliamentary elections. In case the negative news continues, a new attempt to break below 1.1975 is possible. In upward direction, the main resistance lays at 1.2171. Whatever happens, volatility will persist.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2075 | 1.2205 | 1.2020 | 1.1890 |
| 1.2100 | 1.2300 | 1.1890 | 1.1720 |
