EUR/USD
Current level – 1.2020
During yesterday’s trading session, the euro lost value against the dollar and this downward trend is projected to continue. The first important support is the level at 1.1986 and if it is broken, the pair will move to 1.1880, which is a critical support for the decline of 1.2150. The first important resistance is at 1.2113. Today, investors’ interest will be focused on data on ADP Nonfarm Employment Change for the US (13:15 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2046 | 1.2240 | 1.1986 | 1.1950 |
| 1.2113 | 1.2340 | 1.1986 | 1.1800 |
USD/JPY
Current level – 109.21
The currency pair managed to stay above the key support at 109.05 and this is a strong signal for continued upward movement. However, expectations are for a second test at this level and if it is passed again, then investors’ expectations will be positive for a test of the significant resistance at 109.73.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 109.73 | 110.52 | 107.79 | 106.00 |
| 109.73 | 110.52 | 107.50 | 104.90 |
GBP/USD
Current level – 1.3907
After strengthening its position against the dollar since the beginning of the week, the pound began today’s trading session with growth and the forecasts are that this upward movement will continue. The first important resistance is at 1.3920, followed by 1.3989. In a downward movement, the first important support is the level at 1.3834.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3990 | 1.4140 | 1.3920 | 1.3728 |
| 1.4000 | 1.4300 | 1.3834 | 1.3670 |
