EUR/USD
Current level – 1.1591
The bulls did not manage to gain enough momentum to successfully breach the resistance zone of 1.1597 and, during the early hours of today`s trading session, the pair is trading just under the mentioned level. A new test of the level in question is a highly probable scenario and, if successful, the pair will most likely continue to recover and target the resistance level of 1.1639. However, if the bears regain control of the market and breach the support zone of 1.1528, the common European currency will most likely continue to lose ground against the greenback and move towards the levels of around 1.1400. During today’s session, volatility could spike when the data for the retail sales in the U.S. is announced (today; 12:30 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1597 | 1.1687 | 1.1530 | 1.1410 |
| 1.1640 | 1.1750 | 1.1470 | 1.1280 |
USD/JPY
Current level – 113.85
The bulls did not manage to gain enough momentum to successfully breach the resistance zone of 1.1597 and, during the early hours of today`s trading session, the pair is trading just under the mentioned level. A new test of the level in question is a highly probable scenario and, if successful, the pair will most likely continue to recover and target the resistance level of 1.1639. However, if the bears regain control of the market and breach the support zone of 1.1528, the common European currency will most likely continue to lose ground against the greenback and move towards the levels of around 1.1400. During today’s session, volatility could spike when the data for the retail sales in the U.S. is announced (today; 12:30 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 114.50 | 116.00 | 113.64 | 112.00 |
| 116.00 | 118.50 | 113.00 | 111.56 |
GBP/USD
Current level – 1.3678
Although the rise of the Cable was limited to the resistance zone of 1.3713, the positive sentiment remains intact. At the time of writing, the most probable scenario is for another test of the aforementioned level and a continuation of the appreciation of the pound against the U.S. dollar towards the resistance of 1.3750. If this does not happen, the first target for the bears is the level of 1.3640, a successful breach of which could easily bring trading back in the range between 1.3568 and 1.3640.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3710 | 1.3800 | 1.3640 | 1.3420 |
| 1.3760 | 1.3840 | 1.3570 | 1.3420 |
