EUR/USD
Current level – 1.0938
The appreciation of the euro from yesterday resembles a retracement and the price could remain limited below the resistance zone 1.0940-1.0960. The expectations for a continuation of the downtrend remain and a second test of the 1.088 low. For a long term change in direction a breach above 1.1024 would be necessary.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.0960 | 1.1070 | 1.0914 | 1.0810 |
| 1.1000 | 1.1176 | 1.0880 | 1.0717 |
USD/JPY
Current level – 107.69
The pair managed to reach the resistance 108.42 where sellers regained control and dominated the direction of the market until the end of the session. The support at 107.82 was successfully breached, and if the downward move loses momentum, we might see a slow down in price action that’s locked between the range 108.42-107.00. Relevant supports remain 107.51 and 107.00.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 107.82 | 108.80 | 107.51 | 106.40 |
| 108.40 | 109.50 | 107.00 | 105.80 |
GBP/USD
Current level – 1.2296
There is a slowdown in the downtrend but not many prerequisites for a change in the direction or sentiment. There is a chance for a test of the resistance at 1.2345 and, if it fails, that would give an opportunity for a drop towards the lows at 1.2070. In the opposite direction, a serious obstacle for the bulls remains the resistance at 1.2550.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2345 | 1.2500 | 1.2280 | 1.2100 |
| 1.2417 | 1.2580 | 1.2200 | 1.2000 |
