Current level – 1.1174
The price range from the past couple of sessions continues to hold as the zone around 1.1167 continues to hold further moves to the downside. A successful break of this support should lead the GBP/USD towards 1.1129 and 1.1101. Conversely, 1.1244 remains a major resistance level, which, if broken, could help the pair reach 1.1280.
Current level – 106.42
The US dollar rose against the yen following the news of some of the new tariffs on Chinese imports being postponed, breaking through the resistance at 105.55 and heading towards 106.72. In the opposite direction, the first support level remains at 105.55.
Current level – 1.2053
After the minor retracement from the two and a half year low, a major resistance level at 1.2101 was formed, restricting price moves to the upside. On the lower time frames 1.2068 is also showing signs of becoming a minor resistance. An unsuccessful test of the aforementioned 1.2101 should help the price reach new multi year lows as sentiment remains negative.