EUR/USD
Current level – 1.1339
The dollar continues to lose ground against the common European currency as it fell by more than a figure during yesterday’s trading. The expectations are for the EUR/USD rally to continue and the pair to test the resistance from the higher time frames at 1.1350. The former resistance at 1.1200 is now acting as a support. Investors’ attention will be focused on the nonfarm payrolls change in the United States (12:30 GMT), which could add more pressure on the dollar.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1350 | 1.1400 | 1.1200 | 1.1000 |
| 1.1400 | 1.1510 | 1.1140 | 1.0920 |
USD/JPY
Current level – 109.12
The pair continues to rise after the unsuccessful test at the support at 108.72 and is heading for a test at the resistance at 109.20, which could pave the way towards 110.00. In case the test at 109.20 fails, another attempt at the support at 108.72 would be the most likely scenario.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 109.20 | 110.00 | 108.70 | 106.80 |
| 109.40 | 111.64 | 108.00 | 106.45 |
GBP/USD
Current level – 1.2596
The expected correction was limited by the support at 1.2520 and then the Cable started again moving upward. At the moment, the pair is headed for a test at 1.2620-1.2640, which, if successful, would boost the positive sentiment.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2640 | 1.2850 | 1.2520 | 1.2360 |
| 1.2750 | 1.3000 | 1.2465 | 1.2290 |
