EUR/USD
Current level – 1.2098
The currency pair failed to breach the resistance at 1.2141 and the dollar once again prevailed over the euro. The forecast is for the downward movement to continue and for the EUR/USD to test the first important support at 1.2058 which, if breached, will shift the focus on the critical support at 1.1950. The first important resistance is the mentioned level of 1.2141. Today, investors will focus on the data on the U.S. core PCE deflator (13:30 GMT), as well as on the preliminary U.S. consumer confidence data provided by the University of Michigan (15:00 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2141 | 1.2231 | 1.2058 | 1.1800 |
| 1.2180 | 1.2282 | 1.1950 | 1.1600 |
USD/JPY
Current level – 104.48
During yesterday’s trading session, the pair managed to breach the important resistance at 104.27, but failed to remain above this level for long and, at the end of the trading day, the USD/JPY once again fell below 104.27. In the beginning of today’s trading session, however, the pair once again moved up to test the resistance at 104.27 and, this time, the level was breached. The current expectations are for the upward movement to continue and for the pair to test the next important resistance at 104.58. The first important support is the mentioned level of 104.27.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 104.58 | 105.50 | 104.27 | 103.50 |
| 105.00 | 106.00 | 104.04 | 103.00 |
GBP/USD
Current level – 1.3702
Today’s trading session started with a decline in the value of the pound against the dollar as the currency pair reached 1.3692. With that in mind, this decline can be considered as more of a corrective movement and the Cable is expected to recover and move towards the important resistance at 1.3731. The first important support is the level of 1.3688.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3731 | 1.3780 | 1.3688 | 1.3460 |
| 1.3731 | 1.3800 | 1.3542 | 1.3460 |
