EUR/USD
Current level – 1.1116
The ever continuing Brexit saga weighed on the common currency and the currency pair managed to break through the support level at 1.1139 and is now heading towards the next support at 1.1110. A successful breakthrough at this level should increase negative momentum and lead the EUR/USD towards a test of the next support zone at 1.1064. In upward direction, the minor resistance is at 1.1140 and, if broken, could draw a more bullish picture for a test of the main resistance zone around 1.1168 and then at 1.1200. The main factors behind price action should remain the news around Brexit, accompanied by ECB’s interest rate decision tomorrow.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1140 | 1.1240 | 1.1110 | 1.0960 |
| 1.1170 | 1.1270 | 1.1062 | 1.0880 |
USD/JPY
Current level – 108.30
Buyers were not able to hold the price above 108.60 due to some risk-off trading and the price could test 108.15. However, the current uptrend is still intact. The main resistance is at 108.90 and, if broken, should be the reason for a more sustainable move up towards the next resistance around 109.50.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 108.90 | 109.00 | 108.15 | 107.40 |
| 109.20 | 109.30 | 107.80 | 107.00 |
GBP/USD
Current level – 1.2844
The sterling lost some ground after the vote last night and managed to break through the support at 1.2885. Expectations are for a test of the major support level at 1.2770-1.2780 remains relatively high as market uncertainty is high. A break here should increase the negative momentum and will push the price lower, towards 1.2550. Volatility should be expected and, if any positive news come up regarding Brexit, the currency pair could quickly gain back the losses and test the main resistance zone at 1.30.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2890 | 1.3180 | 1.2780 | 1.2560 |
| 1.2990 | 1.3300 | 1.2700 | 1.2400 |
