EUR/USD
Current level – 1.1737
Yesterday, the increased volatility did not help the currency pair to breach the resistance zone at 1.1761. After the unsuccessful test, the price consolidated in the middle of the range, between 1.1709 and 1.1761. Today, a new attempt at overcoming the aforementioned resistance level is highly probable. A positive breach could strengthen the bullish expectations and head the EUR/USD for a test of the next resistance zones at 1.1826 and 1.1868. The first target for the bears lies at the support zone of 1.1709. If the level is violated, an attempt at breaching the next targets at 1.1676 and 1.1639 would lead to a change in the current market sentiments. Today, higher volatility is expected around the announcement of the non-farm payrolls and unemployment data coming from the U.S. at 12:30 GMT.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1760 | 1.1870 | 1.1705 | 1.1500 |
| 1.1830 | 1.1902 | 1.1675 | 1.1440 |
USD/JPY
Current level – 105.51
The USD/JPY continues its struggle to overcome the resistance zone at 105.62. Only a successful breach of the aforementioned level, followed by a breach of the next minor resistance at 105.78, could lead to future gains of the USD against the JPY and form a rally, targeting the highs at 106.02 and 106.29. If the bears take control, a negative dip could head the currency pair for а test of the support level at 105.22. Success here would lead to a further decline and test of the lower support level at 104.83.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 105.60 | 106.00 | 105.30 | 104.50 |
| 105.80 | 106.30 | 104.80 | 104.20 |
GBP/USD
Current level – 1.2872
Neither the bears nor the bulls succeeded to take out the Cable out of the 1.2858 and 1.2920 range during yesterday’s trading session. At the time of writing, the price remains closer to the lower border and а new attempt for a breach of the support zone at 1.2858 is probable. If successful, this could easily lead to a deeper decline and a test of the next target at 1.2770 or at 1.2697, strengthening the negative expectation for the future path of the GBP/USD. In the positive direction, a breach of the first resistance zone at 1.2920 could lead the Cable to a test of the upper target – the important level at 1.3021.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2920 | 1.3020 | 1.2858 | 1.2697 |
| 1.3021 | 1.3150 | 1.2770 | 1.2530 |
