EUR/USD
Current level – 1.1028
After the currency pair managed to hold levels below 1.1068 the expectations remain on the downside and it’s highly likely to test the important support level at 1.0990. The sentiment is negative and, if we see a breakthrough at 1.0990, the momentum is likely to increase, which should lead to lower levels for the EUR/USD. On the upside, only a break above 1.1068 will help the bulls to come back to the market and look for more buying opportunities.Today, higher volatility may be expected at 09:00 GMT when the German IFO data will be published.
Resistance | Support | ||
intraday | intraweek | intraday | intraweek |
1.1070 | 1.1130 | 1.1000 | 1.0990 |
1.1100 | 1.1170 | 1.0990 | 1.0980 |
USD/JPY
Current level – 108.99
The USD/JPY managed to break through the support zone at 109.20 which increased the downside momentum. As concerns around the spread of the coronavirus in China and the rest of the world rise, expectations are for a test of the important support level at 108.40. However, a push back above 109.70 will turn the sentiment to the positive side.
Resistance | Support | ||
intraday | intraweek | intraday | intraweek |
109.20 | 110.22 | 108.80 | 108.40 |
109.75 | 111.65 | 108.40 | 107.90 |
GBP/USD
Current level – 1.3120
After several unsuccessful attempts to break through the resistance zone at 1.3145, the bears took control and pushed back the price around support zone at 1.3060. The sentiment remains mixed and we can say the consolidation for the past couple of weeks is not over yet. However, only a successful break above 1.3145 may clear the path to the main resistance at 1.3260.
Resistance | Support | ||
intraday | intraweek | intraday | intraweek |
1.3145 | 1.3210 | 1.3060 | 1.2960 |
1.3210 | 1.3260 | 1.3000 | 1.2790 |