Contributors Technical Analysis Forex Technical Analysis: EUR/USD, USD/JPY, GBP/USD

Forex Technical Analysis: EUR/USD, USD/JPY, GBP/USD

EUR/USD

Current level – 1.1030

The pair managed to break above 1.0992 and the expectations now are for a test of the resistance at 1.1050. If the price breaks through this level, the next important resistance will be 1.1110 zone. However, on the downside the main support is at 1.0930 zone.

Resistance Support
intraday intraweek intraday intraweek
1.1050 1.1110 1.0992 1.0860
1.1110 1.1150 1.0930 1.0850

USD/JPY

Current level – 106.58

The successful break above 106.40 paved the way to 106.67 level, which represents a major resistance level. A breakthrough 106.67 will show strong positive sentiment for this market and levels above 107.00 should be expected. In case of a move to the downside, the levels around the 105.63 should act as a major support.

Resistance Support
intraday intraweek intraday intraweek
106.67 107.50 106.40 104.43
107.20 107.80 105.60 104.00

GBP/USD

Current level – 1.2237

After the news that the UK parliament backed a bill to block a no-deal Brexit, the pair recovered to 1.2250, breaking some important levels. The sentiment will remain positive if the possibility of a no-deal Brexit keeps decreasing. The major resistance level remains at 1.2300 with a major support around 1.1975. High volatility is expected during the coming days.

Resistance Support
intraday intraweek intraday intraweek
1.2300 1.2400 1.2170 1.1975
1.2400 1.2500 1.2077 1.1820

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