EUR/USD
Current level – 1.2198
The currency pair breached the support at 1.2170 during Friday’s trading session, but the sell-off was limited by the level at 1.2126 and the EUR/USD quickly returned into the range in which it was trading for the last couple of days – 1.2170-1.2238. The expectations are for the pair to continue to trade in that range at the beginning of the week, while the more important economic news, which could push the EUR/USD towards a test of either boundary, is the CPI data for the euro area (Tuesday; 09:00 GMT) and the non-farm payrolls data for the U.S. (Friday; 12:30 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2270 | 1.2340 | 1.2170 | 1.2126 |
| 1.2340 | 1.2400 | 1.2170 | 1.2065 |
USD/JPY
Current level – 109.69
The dollar’s appreciation against the yen was limited by the resistance at 109.93 and now the pair is headed towards a test of the support level of 109.67. The forecast is for the pair to breach this support and aim for the next one, which is located at 109.21. In the positive direction, the first resistance level is the one at 109.93.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 109.93 | 111.00 | 109.67 | 108.97 |
| 110.52 | 112.20 | 109.21 | 108.55 |
GBP/USD
Current level – 1.4193
The Cable continues to trade in the narrow range of 1 figure, between 1.4101-1.4208. Neither the bulls, nor the bears are currently managing to prevail and breach either of the boundaries, which could form the short-term expectations of the market participants. The most important economic news this week, which could make an impact on the pair, is the manufacturing PMI data for the U.K. (Tuesday; 08:30 GMT) and the services PMI data, again for the U.K. (Thursday; 08:30 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.4208 | 1.4270 | 1.4100 | 1.4035 |
| 1.4270 | 1.4350 | 1.4035 | 1.3920 |
