EUR/USD
Current level – 1.1103
The pair breached above the top border of the 1.1066-1.1089 range and is heading towards a test of the support level at 1.1140, but there is still a chance that bears could crash the party at around 1.1115. Disappointing data for the nonfarm payrolls change in the USA (13:30 UK time) could help the pair gain additional bullish momentum. In the opposite direction, a minor support lies at 1.1089 and the major one is at 1.1066.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1115 | 1.1170 | 1.1060 | 1.0990 |
| 1.1140 | 1.1190 | 1.1020 | 1.0880 |
USD/JPY
Current level – 108.70
USD/JPY is about to test the support level at 108.65. A possible breach of this support could lead the pair towards the support zone at around 108.25. Any positive news regarding the USA-China trade negotiations could improve the market sentiment. If this scenario happens, the first resistance lies at 108.90.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 108.90 | 109.60 | 108.65 | 107.05 |
| 109.20 | 110.50 | 108.25 | 106.60 |
GBP/USD
Current level – 1.3151
The euphoric rally continues as the Cable reached new seven-month highs at 1.3169. The sentiment remains bullish and the pair should test and breach the resistance at 1.3170 in order to continue rising. A possible correction in case of an unsuccessful test of 1.3170 could increase downward pressure and push the pair back towards the upper border of the recent range at 1.3007.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3170 | 1.3255 | 1.3000 | 1.2890 |
| 1.3214 | 1.3320 | 1.2960 | 1.2820 |
