EUR/USD
Current level – 1.1069
After the bounce from the support at 1.0993 and the break of the resistance at 1.1059, the pair is consolidating. Today the EUR/USD should trade in a narrow range as investors await the Federal Reserve interest rate decision (19:00 UK time). As of the current moment, the odds are in favour of a rate cut , but if the FED surprises the markets, we could witness the USD gain ground against the EUR.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1059 | 1.1160 | 1.0993 | 1.0930 |
| 1.1100 | 1.1200 | 1.0930 | 1.0900 |
USD/JPY
Current level – 108.22
The pair is still struggling to break the resistance at 108.25. Expectations are for a move to the downside and a test of the support at 107.58. However, if the USD/JPY manages to break the major resistance at 108.25, the pair should go for a test of the next important one at 109.00.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 108.25 | 108.80 | 107.50 | 106.40 |
| 108.80 | 109.50 | 107.00 | 105.80 |
GBP/USD
Current level – 1.2489
The break of the resistance at 1.2502 is not yet confirmed and, if the pair remains below these levels, we should soon see a test of the support at 1.2382. On the uptrend, the next resistance after 1.2502 is at 1.2580.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2500 | 1.2560 | 1.2380 | 1.2170 |
| 1.2560 | 1.2640 | 1.2270 | 1.1975 |
