EUR/USD
Current level – 1.1859
During yesterday’s trading session, the pair managed to stay above the support level of 1.1846, which is a bullish signal and the forecasts are for the EUR/USD to rise and test the resistance level of 1.1904. In the negative direction, the first support is found at the previously mentioned level of 1.1846. Today, investors’ attention will be focused on the announcement of the ISM non-manufacturing data for the U.S. (13:45 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1900 | 1.2130 | 1.1850 | 1.1760 |
| 1.1955 | 1.2237 | 1.1760 | 1.1690 |
USD/JPY
Current level – 110.85
In the first trading session for the week, the currency pair breached the support level of 111.02 and it is expected to enter a consolidation phase, limited by the important support level of 110.43. In the positive direction, the first resistance is found at the level of 111.02.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 111.02 | 112.60 | 110.74 | 110.43 |
| 111.60 | 113.60 | 110.43 | 109.80 |
GBP/USD
Current level – 1.3856
The sterling continues to appreciate against the dollar and, at the time of writing, the currency pair is confirming the breach of the level at 1.3870, which is the main resistance. If confirmed, the breach would lead the pair towards a test of the next levels of 1.3932 and 1.3979. In the negative direction, the first support lies at the level of 1.3798. Today, the PMI construction data for the UK (07:30 GMT) could lead to a rise in volatility.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3870 | 1.3980 | 1.3800 | 1.3660 |
| 1.3932 | 1.4078 | 1.3730 | 1.3610 |
