EUR/USD
Current level – 1.1819
The common European currency’s appreciation against the Greenback, which we observed in the past couple of days, was halted yesterday by the resistance at 1.1920. At the time of writing, the currency pair is looking to reach the support around the 1.1800 zone. If the support at 1.1800 holds, then the bullish sentiment would be retained and the EUR/USD should attempt another test of 1.1920, possibly followed by a test of the local high at 1.2010. Volatility could pick up after the announcement of the German ZEW economic sentiment at 10:00 GMT.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1880 | 1.2010 | 1.1800 | 1.1700 |
| 1.1920 | 1.2010 | 1.1700 | 1.1626 |
USD/JPY
Current level – 104.96
During yesterday’s trading session, the yen suffered its greatest overnight loss against the dollar since March due to the increased risk appetite following the news that clinical trials of a vaccine had shown more than 90% effectiveness in preventing the spread of COVID-19. The currency pair managed to breach and stay above the important resistance of 104.87, briefly reaching levels above 105.00. The expectations are for the depreciation of the yen to continue and for the USD/JPY to test the resistance at 105.20. In the negative direction, the key support lies at 104.09.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 105.20 | 104.68 | 104.87 | 101.15 |
| 105.70 | 104.87 | 104.10 | 101.15 |
GBP/USD
Current level – 1.3174
The currency pair managed to stay above the former key resistance at 1.3159 and the expectations are for an upward movement and a test of the next resistance at 1.3265. In case a retracement develops, it should be limited by the important support at 1.3060.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3180 | 1.3265 | 1.3062 | 1.2934 |
| 1.3180 | 1.3265 | 1.3000 | 1.2860 |
