EUR/USD
Current level – 1.0804
The currency pair failed to stay above the support at 1.0830, which is now acting as resistance and, if the pair fails to break through and stay above this level, the downtrend from the higher time frames will probably reassert itself. The first important support is at 1.0771. Today, investors will be focused on the Core CPI data for the month of April in the United States scheduled for 12:30 GMT.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.0900 | 1.1030 | 1.0770 | 1.0650 |
| 1.0960 | 1.1140 | 1.0730 | 1.0560 |
USD/JPY
Current level – 107.36
The dollar rose against the yen over the past few days, reaching 107.75 in yesterday’s trading session. The currency pair nearly tested the next resistance at 108.05 and, in the early hours of today’s session, the yen gained some ground against the dollar. The forecast is for the upward movement to continue after the short correction. The first important support is at 106.98.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 108.05 | 111.50 | 107.00 | 106.00 |
| 109.25 | 111.50 | 106.45 | 105.60 |
GBP/USD
Current level – 1.2318
The currency pair failed again to break the level of 1.2278, which has formed as a solid support and bottom for the GBP/USD, and the forecast is for a subsequent upward movement. For that to happen, however, the pair must break through and stay above the key resistance at 1.2358. Another important resistance is the level at 1.2430.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2360 | 1.2520 | 1.2280 | 1.2095 |
| 1.2430 | 1.2615 | 1.2190 | 1.2000 |
