EUR/USD
Current level – 1.1751
At the time of writing this analysis, the currency pair is consolidating around the support level of 1.1746. The bulls failed to gain momentum after the brief breach in a negative direction. At the time of writing, the sentiment is rather negative, for another test of the mentioned support zone. The main economic news that would affect the market is the data for the Initial jobless claims for the United States (12:30 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1790 | 1.1870 | 1.1708 | 1.1639 |
| 1.1840 | 1.1200 | 1.1676 | 1.1615 |
USD/JPY
Current level – 105.21
The bulls managed to limit the negative movement at the support zone of 105.00, which gave buyers an incentive to enter the market. The main resistance for the bulls is the level of 105.50, and a successful test here would strengthen the positive market mood. In a negative direction, only a breach of the mentioned support will incentivise the bears to more aggressively enter the market.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 105.50 | 106.00 | 105.00 | 104.40 |
| 105.80 | 107.20 | 104.40 | 104.00 |
GBP/USD
Current level – 1.3014
The short-term breach of the support at 1.2913 was not confirmed and this provided a good market entry for the bulls which, in turn, pushed the price towards the resistance at 1.3065. At the time of writing, the Cable is going through a consolidation phase below this level, with expectations being positive, for another test of the mentioned resistance. The first more important support is the 1.2990 zone.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3065 | 1.3100 | 1.2990 | 1.2831 |
| 1.3100 | 1.3146 | 1.2913 | 1.2770 |
