EUR/USD
Current level – 1.1207
The pair continues to trade in the range formed during the last couple of days. The zone around 1.1167 has become a serious hurdle for the bears. If a breakthrough at this level takes place, the price should head for the next target zones of 1.1129 and 1.1101. In the opposite direction, the EUR/USD could head up north and test the resistance level around 1.1244. By breaking the upper border of the channel the price could hit the area at 1.1280.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1250 | 1.1300 | 1.1170 | 1.1020 |
| 1.1300 | 1.1350 | 1.1115 | 1.0960 |
USD/JPY
Current level – 105.34
USD/JPY’s slide was stopped at the level 105.1090, followed by a minor rebound towards 105.599. We are yet to see signs for a reversal of the downtrend as sentiment remains negative. A break through the price of 105.1090 could set the scene for a move downtowards new lows. But, if the bulls take over, the target would be 105.600 and the resistance zones at 106.3090 – 106.6670.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 106.75 | 108.40 | 105.50 | 104.46 |
| 108.40 | 110.00 | 105.00 | 100.00 |
GBP/USD
Current level – 1.2073
After hitting a two and a half year low at 1.2016, a very minor positive retracement is taking place. The previous support at 1.2101 should prove to be a significant level of resistance and a hurdle for a move to the upside. A break through the minor support at 1.2058 should steepen the losses for the GBP/USD and push the pair towards new lows.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2086 | 1.2250 | 1.2014 | 1.1980 |
| 1.2250 | 1.2350 | 1.1980 | 1.1900 |
