EUR/USD
Current level – 1.1396
The euro continues to rise against the dollar and, at the beginning of today’s session, managed to reach the key resistance of 1.1420. At the time of writing this analysis, this resistance has not been overcome and the currency pair even started a correction after the test. The subsequent price movement will determine the long-term trend. If the pair manages to stay below the resistance at 1.1420, a test of the first important support at 1.1351 will most probably follow.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1350 | 1.1500 | 1.1320 | 1.1240 |
| 1.1420 | 1.1600 | 1.1285 | 1.1140 |
USD/JPY
Current level – 107.25
The currency pair still cannot get out of the relatively narrow range it has been in for a month, but sentiment is positive, for the dollar to appreciate against the yen by testing and breaking the upper limit of the range, namely the resistance at 108.15. Critical support remains the level of 106.00, which is the lower limit of the range.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 107.25 | 108.15 | 106.80 | 106.00 |
| 107.46 | 109.35 | 106.40 | 106.00 |
GBP/USD
Current level – 1.2561
The expectations for the currency pair are for the upward trend to continue and for the pair to head for a test of the key resistance at 1.2666. A short-term correction before that is also possible, with the pair likely breaking the first support at 1.2550 and testing the next one at 1.2483.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2665 | 1.2780 | 1.2550 | 1.2340 |
| 1.2730 | 1.2800 | 1.2400 | 1.2250 |
