EUR/USD
Current level – 1.0988
The US dollar continues to fall and as of the current moment the currency pair is heading for a test of the major resistance at 1.0998. A possible breakthrough above this zone would pave the way towards the minor resistance at 1.1024, followed by 1.1070. In case the test proves unsuccessful, the price should move back to the support zone around 1.0960.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1000 | 1.1176 | 1.0960 | 1.0880 |
| 1.1070 | 1.1176 | 1.0940 | 1.0830 |
USD/JPY
Current level – 106.69
The recent unsuccessful test of the resistance levels around 107.01 and growing concerns about the US economy confirmed the negative outlook here and the expectations are for a movement towards the support zone around 106.04. In the positive direction, first resistance is at the 107.01 zone.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 107.00 | 107.90 | 106.65 | 106.40 |
| 107.50 | 108.80 | 106.40 | 105.80 |
GBP/USD
Current level – 1.2331
Ahead of the new week, expectations are that the Cable is going to be strongly affected by the news around Brexit as the prospects of a deal fade. The pair is preparing for a test of the resistance level at 1.2350 and if successful, the upward move should gain momentum and the GBP/USD should head towards the next resistance at 1.2420. Relevant support remains at 1.2270.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2420 | 1.2550 | 1.2270 | 1.2100 |
| 1.2500 | 1.2600 | 1.2200 | 1.2000 |
