EUR/USD
Current level – 1.0960
The currency pair is currently trading close to the resistance at 1.0960 and a successful break here should pave the way towards 1.1000. However, the overall picture remains bearish with the first minor support being 1.0940, followed by the major one at 1.0880-1.0900 zone.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.0960 | 1.1070 | 1.0940 | 1.0810 |
| 1.1000 | 1.1176 | 1.0880 | 1.0717 |
USD/JPY
Current level – 106.98
The greenback is continuing to lose ground against the yen due to weak economic data from the US and the pair is currently testing the major support level at 107.00. If successful in breaking through this zone, the downward move should gain momentum and the USD/JPY should head towards the next support at 106.65, followed by the major one at 105.80. On the other hand, the first resistance zone is at 107.492 followed by 107.8, but a clear break above 108.40 is needed to revive the bullish view.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 107.82 | 108.80 | 107.00 | 106.40 |
| 108.40 | 109.50 | 106.65 | 105.80 |
GBP/USD
Current level – 1.2298
The downtrend seems to be losing momentum, but still remains intact as Brexit developments continue to pressure the Cable. Currently a test of the support at 1.2280 remains more likely. However, if today’s initial jobless claims in the US (13:30 UK time) disappoint, we might see a test of 1.2345 and potentially 1.2418.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2345 | 1.2500 | 1.2280 | 1.2100 |
| 1.2417 | 1.2580 | 1.2200 | 1.2000 |
