EUR/USD
Current level – 1.1024
EUR/USD managed to hold above the 1.1020 support level during yesterday’s low volatility session. The current short-term uptrend is still intact with 1.1062 being the main resistance. If the pair successfully violates the aforementioned resistance, a move towards 1.1170 is probable. Conversely, a move below 1.1020 should push the price towards the support at 1.1000, followed by 1.0964.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1065 | 1.1177 | 1.0989 | 1.0939 |
| 1.1100 | 1.1230 | 1.0964 | 1.0880 |
USD/JPY
Current level – 108.31
After the corrective move, the price of USD/JPY found support at 108.11 and buyers managed to push the pair towards the resistance 108.46. Optimism from the recent trade war negotiations should stay and expectations are for a move above 108.46 towards the 108.70 – 108.80 zone. Support levels are the minor 108.11, followed by 107.83.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 108.41 | 108.90 | 108.00 | 107.40 |
| 108.60 | 109.30 | 107.80 | 107.00 |
GBP/USD
Current level – 1.2614
After the euphoric rally, the corrective move to the downside was limited to 1.2500 – 1.2534. Today traders will again focus on the ongoing Brexit negotiations and any positive news around them should push the pair above the 1.2639 minor resistance and towards 1.2735. Alternatively, a move below 1.2500 should pave the way towards the support at around 1.2337 and 1.2195. In any case, volatility will remain high.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2670 | 1.2890 | 1.2500 | 1.2345 |
| 1.2735 | 1.2970 | 1.2425 | 1.2200 |
