EUR/USD
Current level – 1.1753
The euro lost its value against the dollar at the beginning of the trading session and this trend continues in the first hours of today, when the pair reached 1.1736, which is an important support. The expectations are for this support to last and for subsequent upward movement as the first resistance is at 1.1828. During today’s trading session, the investors’ attention will be drawn to the data on the Consumer Price Index for the Eurozone (09:00 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1780 | 1.1860 | 1.1720 | 1.1500 |
| 1.1830 | 1.1900 | 1.1620 | 1.1400 |
USD/JPY
Current level – 105.04
The pair managed to get out of the range in which it traded for more than a month – 107 – 105.05, reaching a value of 104.78. At the beginning of today’s trading session a correction followed and at the time of writing the analysis, the pair is at the key lower limit of the mentioned range – 105.05. It is quite likely that this resistance will be broken and the pair will return to trading within the range.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 105.30 | 106.00 | 104.80 | 103.20 |
| 105.60 | 106.45 | 104.20 | 101.00 |
GBP/USD
Current level – 1.2913
The pound managed to reach 1.30 in yesterday’s trading session, but at the beginning of today’s lost some of its value. At the time of writing the analysis, however, it has recovered almost all gains from yesterday. The forecasts are for an upward movement, but to a large extent this will depend on today’s Bank of England Interest Rate Decision (11:00 GMT). The first important resistance is at 1.3020.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2920 | 1.3150 | 1.2770 | 1.2640 |
| 1.3050 | 1.3290 | 1.2640 | 1.2530 |
