EUR/USD
Current level – 1.2093
The currency pair is now entering a corrective phase after it could not previously breach the key support level at 1.2062. At the time of writing the analysis, the expectations are for a new test of this support and a successful breach of this level, which would signal the continuation of the downtrend, with a new target for the bears being the level at 1.1950. However, before this level is tested, it is possible that we first witness a corrective move towards the resistance at 1.2141.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2141 | 1.2309 | 1.2060 | 1.1950 |
| 1.2270 | 1.2340 | 1.2060 | 1.1950 |
USD/JPY
Current level – 103.76
The currency pair is still found in a long-term downtrend, which is still not breached and, at the time of writing, the pair is consolidating in the range of 103.53 – 104.28. The U.S. dollar may lose ground against the Japanese yen if the support at 103.53 is breached and the price heads towards the next support at 103.01. If the bulls enter the market, the resistance at 104.28 may get tested.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 103.89 | 104.28 | 103.53 | 103.01 |
| 104.03 | 104.58 | 103.27 | 102.69 |
GBP/USD
Current level – 1.3602
Тhe sterling has been appreciating against the dollar since the beginning of yesterday’s trading session after the currency pair couldn’t breach the support at 1.3532. If the bulls manage to hold their positions, then the next resistance at 1.3620 may get targeted. A breach of this level will head the currency pair towards the resistance at 1.3700. In the negative direction, the first important support is the level of 1.3532.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3620 | 1.3860 | 1.3532 | 1.3440 |
| 1.3700 | 1.3980 | 1.3532 | 1.3315 |
