EUR/USD
Current level – 1.1763
Despite the expectations for a test of the resistance zone of 1.1847, the bears managed to prevail and have successfully broken through the support zone of 1.1774. At the time of writing, the currency pair is consolidating just below the mentioned level, and the mood is rather negative – for a test of the next more significant support area at 1.1731. The announcement of the consumer price index data for the euro area (today; 08:00 GMT) could affect market volatility.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1774 | 1.1847 | 1.1731 | 1.1662 |
| 1.1800 | 1.1900 | 1.1700 | 1.1600 |
USD/JPY
Current level – 109.85
The sell-off was successfully limited to the support zone of 109.18, after which the bulls entered the market and managed to breach the resistance zone of 109.67. This laid the foundations for an upward move, which will aim to reach and test the zone of the next significant resistance area of 110.20, which is also the upper boundary of the narrow range between 109.18 – 110.20. Investors will look forward to the interest rate decision of the Central Bank of Japan scheduled for next week, although no changes are expected at the moment.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 110.20 | 110.67 | 109.67 | 109.18 |
| 110.40 | 111.00 | 109.50 | 108.50 |
GBP/USD
Current level – 1.3785
After the minor rise during the past session and the false breach of 1.3826, the bears entered the market and led the currency pair to the support level of 1.3785. At the time of writing the analysis, sentiments are rather negative – for a deepening of the sell-off towards the next significant support area of 1.3732. The data on retail sales sans autos for the UK (today; 06:00 GMT) could affect the volatility of the currency pair.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3785 | 1.3890 | 1.3732 | 1.3677 |
| 1.3826 | 1.4000 | 1.3732 | 1.3600 |
