EUR/USD
Current level – 1.1014
The negative trend continues, with the most likely scenario for the pair is to reach and test the support area at 1.0990. A successful breakthrough at this level would lead to a longer decline and a test of the main support zone at 1.0880. Increased volatility is expected awaiting the data for the Preliminary GDP for US (13:30 GMT), as well as the data on durable goods orders without transport (13:30 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1017 | 1.1140 | 1.0990 | 1.0880 |
| 1.1060 | 1.1170 | 1.0950 | 1.0880 |
USD/JPY
Current level – 109.09
The Japanese Yen continues to lose ground against the US dollar due to the favorable outlook for a trade agreement between the US and China. Currently the price movement is right ahead of a test of the resistance zone at 109.20, as a breakthrough at this level could lead to a rise in the price and a potential test of the next zone around 109.50, and after that at 110.66.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 109.20 | 109.45 | 108.90 | 107.05 |
| 109.50 | 109.80 | 108.64 | 106.60 |
GBP/USD
Current level – 1.2847
The breakthrough and followed movement above the resistance zone at 1.2890 has proved as corrective and we are currently seeing a decrease with a tendency for another sell-off for a test and breakthrough in the support area at 1.2820. In the opposite direction, only a break in the 1.3000 area would mean an end of the downward movement and the reversal of the trend.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2860 | 1.2965 | 1.2820 | 1.2700 |
| 1.2890 | 1.3000 | 1.2770 | 1.2670 |
