EUR/USD
Current level – 1.2331
The currency pair managed to hold above the resistance at 1.2309 and the expectations for the appreciation of the euro remain positive. In case the bulls prevail, this will confirm the continuation of the current uptrend and the appreciation of the euro to 1.2430. Before attacking this level, it is highly possible that we will see a corrective move towards the support at 1.2270. Today, the data on initial jobless claims (13:30 GMT), as well as that on the ISM non-manufacturing PMI (15:00 GMT), will be in the investors’ spotlight.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2340 | 1.2430 | 1.2309 | 1.2206 |
| 1.2340 | 1.2500 | 1.2270 | 1.2084 |
USD/JPY
Current level – 103.10
During yesterday’s trading session, the U.S. dollar gained positions against the Japanese yen by taking the currency pair to 103.42. At the time of writing, we are witnessing an impulsive bearish movement, thus the expectations are for the downward movement to continue and for the pair to go for a test of the support at 102.60. There is a high probability that this support will be breached and the pair will go for a test of the critical support at 101.20.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 103.27 | 103.72 | 102.60 | 101.20 |
| 103.49 | 104.03 | 101.20 | 101.00 |
GBP/USD
Current level – 1.3625
At the time of writing thе analysis, the sterling is testing the local resistance at 1.3620. If this level resists the attack, the pair will move towards the support at 1.3540. It is highly possible for the pair to also test the support at 1.3540 and to further reach 1.3500. The Cable is found in a consolidation phase, consecutively limiting the price movement within the 1.3620 – 1.3540 range.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3620 | 1.3770 | 1.3540 | 1.3497 |
| 1.3668 | 1.3800 | 1.3540 | 1.3446 |
