EUR/USD
Current level – 1.2156
An appreciation of the euro against the U.S. dollar towards 1.2270 can be expected if the resistance at 1.2172 is breached. However, at the time of writing this analysis, the volatility remains low. Due to this, it is possible for the currency pair to enter a consolidation phase in the range between 1.2065 and 1.2172 before the upward trend can continue. Only a breach of the critical support at 1.2065 would pave the way for the EUR/USD towards 1.1993. Today, investors’ attention will be focused on the data on the issued building permits in the U.S. (12:30 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2170 | 1.2270 | 1.2129 | 1.1990 |
| 1.2170 | 1.2340 | 1.2065 | 1.1950 |
USD/JPY
Current level – 109.19
The corrective phase is still in progress and it is expected for the pair to test the support at 108.94. If this support holds and the bulls enter the market, it is highly possible for the Ninja to attack the resistance at 109.68 on its way towards the level of 110.77.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 109.68 | 111.00 | 108.94 | 108.65 |
| 110.52 | 111.70 | 108.94 | 108.18 |
GBP/USD
Current level – 1.4149
The corrective phase is still in progress and it is expected for the pair to test the support at 108.94. If this support holds and the bulls enter the market, it is highly possible for the Ninja to attack the resistance at 109.68 on its way towards the level of 110.77.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.4146 | 1.4270 | 1.4064 | 1.3830 |
| 1.4146 | 1.4400 | 1.3920 | 1.3700 |
