EUR/USD
Current level – 1.1089
After last week’s volatility, the EUR/USD seems to be consolidating after a minor retracement of the recent drop. A successful test of 1.1106 can push the price higher towards 1.1155 and even 1.1221, which could be a sign for reversal of the trend. Until then, expectations are that the pair moves back into a bearish phase. A break through the area of 1.1069 would pave the way to 1.1020.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1069 | 1.1244 | 1.1069 | 1.1020 |
| 1.1160 | 1.1300 | 1.1020 | 1.0960 |
USD/JPY
Current level – 106.34
The pair seems to be headed towards a new test of the 106.4780 minor resistance, which, if successful, might bring a more bullish outlook towards 106.765. If the impulse is not strong enough, we might see the USD/JPY head towards 105.7060 and 105.100.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 106.75 | 107.50 | 105.70 | 104.46 |
| 107.50 | 108.50 | 105.00 | 100.00 |
GBP/USD
Current level – 1.2144
After the bulls managed to push the GBP/USD over the resistance level at 1.21439, which should now act as a support in case of a move down. However, the downtrend is still intact and a move towards the major support at 1.2097 and 1.2047 is not out of the question. On the upside, a break through 1.2171 could target the next resistance zone around 1.2190.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2100 | 1.2350 | 1.2016 | 1.1980 |
| 1.2200 | 1.2520 | 1.1980 | 1.1900 |
