EUR/USD
Current level – 1.1087
Yesterday’s FOMC meeting minutes showed a division in the fed officials’ understanding about the pace of lowering the overnight interest rate. As a result, the markets, and especially the currency pair, did not move significantly. A break of the resistance in 1.1114 would lead the pair for a test of the 1.1160 level. Key support is 1.1066.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1106 | 1.1250 | 1.1076 | 1.1020 |
| 1.1160 | 1.1300 | 1.1020 | 1.0960 |
USD/JPY
Current level – 106.43
The range-bound trading from the last couple of days continues as expectations are for a strong dollar and a break of the important resistance in the 106.80-107.20 zone. This would lead to a test of the resistance at 109.30.
| 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 – 1.2127
As EU and UK officials scramble to salvage an agreement for an orderly Brexit, uncertainty around the pound remains high. If the situation improves, expectations are for a break of the 1.2183 resistance and a move up, towards 1.2400. Key support is 1.2015.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2180 | 1.2300 | 1.2140 | 1.2050 |
| 1.2220 | 1.2350 | 1.2100 | 1.1980 |
