EUR/USD
Current level – 1.0988
The range from the last couple of weeks was broken as the price slumped below 1.0996. This indicates that the bearish sentiment is getting stronger and further decrease is possible. The expectations are for a new test of the minor support at 1.0965 and, if successful- a new test of the lows at 1.0925 is possible.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1074 | 1.1160 | 1.0965 | 1.0930 |
| 1.1100 | 1.1200 | 1.0930 | 1.0900 |
USD/JPY
Current level – 107.61
Expectations here are for a continuation of the downside move with a first support at 107.32. If the pair breaks it, it will head for a test of the important support at 107.09. On the upside first resistance is at 107.66.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 108.25 | 108.80 | 107.34 | 106.40 |
| 108.80 | 109.50 | 107.10 | 105.80 |
GBP/USD
Current level – 1.2433
During the last two days the upward momentum has slowed down and the price has settled around 1.2430. This will represent a key level for the next price movement of the pair. If the price successfully holds above 1.2450 and breaks the resistance at 1.2500, this would be an indication for а continuation of the uptrend. On the other hand, a downward move below 1.2400 would paint a more bearish picture.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2500 | 1.2640 | 1.2396 | 1.2265 |
| 1.2570 | 1.2640 | 1.2265 | 1.2200 |
