EUR/USD
Current level – 1.1713
After the pair broke the key resistance at 1.1599 and stayed above it, investors’ forecasts for a continuing upward trend solidified and now expectations are for a test of the next key resistance at 1.1810. The first important support is the mentioned level of 1.1599. This week, investors’ attention will be focused on the Fed’s key interest rate decision in the United States on 29.07.2020 at 18:00 GMT, as well as on the values of the gross domestic product of the United States on 30.07.2020 at 12:00 GMT.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1750 | 1.1810 | 1.1599 | 1.1370 |
| 1.1750 | 1.1930 | 1.1460 | 1.1230 |
USD/JPY
Current level – 105.53
The pair managed to break through and stay below the lower limit of the relatively narrow range in which it traded for a long time, namely 106.00. This determines the future downward movement as the pair will most probably focus on a test of the important support at 104.80. The key resistance here is 106.00.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 106.04 | 107.38 | 104.80 | 103.10 |
| 107.16 | 107.69 | 104.00 | 103.10 |
GBP/USD
Current level – 1.2842
The Cable managed to break the important resistance at 1.2807 in the early hours of today’s trading session and expectations are for a continuation of the upward movement. The pair is expected to test and break the resistance at 1.2880 and then proceed to test the resistance at 1.2970. The first important support is 1.2807.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2880 | 1.2970 | 1.2807 | 1.2760 |
| 1.2880 | 1.2206 | 1.2807 | 1.2517 |
