EUR/USD
Current level – 1.2078
The pair managed to violate the critical resistance at 1.2012 during yesterday’s trading session, reaching values of 1.2082 in the early hours of today’s session and further strengthening the upward momentum. Expectations are for the upward movement to continue and for the pair to focus on a test of the next critical resistance at 1.2150. The first important support is the previous resistance – the level of 1.2012. Today, investors’ attention will be focused on the ADP data on the change in employment in the U.S. private sector (13:15 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2110 | 1.2110 | 1.2012 | 1.1827 |
| 1.2110 | 1.2240 | 1.1892 | 1.1798 |
USD/JPY
Current level – 104.33
The pair tested the resistance at 104.43 again, but failed to stay above it and is currently found in a minor consolidation phase. The resistance at 104.43 is forecast to be tested again sometime later today and, this time, we expect to see a breach and a continuous trading above these levels. In case of a negative movement, the first support will be the level of 104.18, and the first important support will be 103.72.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 104.43 | 105.45 | 104.18 | 103.20 |
| 104.85 | 106.10 | 103.72 | 103.20 |
GBP/USD
Current level – 1.3416
The currency pair managed to exit the range, in which it has been trading in the last few days, as the pound rose against the dollar and breached the important resistance and upper border of the said range at 1.3391. The forecast is for the upward movement to continue and for the currency pair to move towards the next important resistance at 1.3480. The first important support is the previously mentioned level of 1.3391.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3480 | 1.3560 | 1.3391 | 1.3170 |
| 1.3480 | 1.3600 | 1.3275 | 1.3110 |
