EUR/USD
Current level – 1.0951
After the fake breakthrough of the resistance at 1.0995 we saw another downward movement, reaching the area at 1.0940. If the price manages to break this level, we can expect a longer decline and test of the area around 1.0850. In an upward direction, only a solidified breakthrough of the resistance zone at 1.1000 and then at 1.1075 can determine the reversal of the trend, targeting 1.1165. High volatility is to be expected during and after the statement of ECB President Mario Draghi (14:30 UK time).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.0995 | 1.1160 | 1.0940 | 1.0900 |
| 1.1075 | 1.1200 | 1.0900 | 1.0850 |
USD/JPY
Current level – 107.64
The support level at 107.04 managed to stop the declines from the previous session, contributing to the uptick and break of the resistance level at 107.63, turning it into a support. If the positive momentum continues, next target is a test and break of the resistance zone at 108.24.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 108.25 | 108.80 | 107.34 | 106.40 |
| 108.80 | 109.50 | 107.10 | 105.80 |
GBP/USD
Current level – 1.2358
Contrary to the expectations of a subsequent test of the resistance at 1.2505, the currency pair experienced a decline and breakthrough of the support area at 1.2396. The forecast is for high volatility and a possible continuation of the decline leading to a test of the next support area at 1.2280. Today traders will also be focused on the statement of the Chairman of the Bank of England – Mark Carney at 14:45 UK time.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2395 | 1.2570 | 1.2280 | 1.2100 |
| 1.2505 | 1.2640 | 1.2200 | 1.2000 |
