EUR/USD
Current level – 1.2123
At the time of writing the analysis, the situation remains unchanged from the previous session. The currency pair is facing an unfinished test of the support zone at 1.2106 and a confirmation of the breach would strengthen the negative sentiment and will most likely lead to a test of the next support zone at 1.2050. The main economic news that will be in focus for investors today will be the data on the trade balance for the euro area (09:00 GMT), as well as the data on the producer price index for the U.S. (12:30 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2170 | 1.2244 | 1.2106 | 1.2050 |
| 1.2207 | 1.2360 | 1.2050 | 1.2000 |
USD/JPY
Current level – 110.09
During the last trading session, the dollar managed to rise against the Japanese yen, successfully breaching the resistance at 109.75. At the time of writing, the pair is about to test the resistance zone at 110.20. If the bears manage to limit the upside move around the mentioned resistance, the most probable scenario is for a resumption of the range move in the narrow channel between 109.36 – 110.20.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 110.18 | 111.00 | 109.74 | 109.06 |
| 110.18 | 112.20 | 109.36 | 108.56 |
GBP/USD
Current level – 1.4107
For a whole month, neither the bulls nor the bears have been able to prevail and outline a clearer direction as the Cable continues to be bound by the narrow range between 1.4101 – 1.4180.. Today, the data on the claimant count unemployment rate, as well as the data on the claimant count unemployment change for the UK, could affect the market participants and lead to a more serious rise in volatility.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.4177 | 1.4240 | 1.4101 | 1.4000 |
| 1.4209 | 1.4400 | 1.4080 | 1.3890 |
