Current level – 1.0972
The market is in a range locked between 1.0964 and 1.0995. From price action point of view, sellers are still holding control over the market and we might see a new push towards 1.0980-1.0995 that could trigger a drop towards 1.0939 and 1.0900. Only a confirmed breach of the price above 1.1020 could attract additional buyers that can push the price to new highs.
Current level – 107.38
The recent recovery of the worldwide exchanges led to USD/JPY going higher as well as finding some nice support around 106.68. The expectations for a recovery remain with nearest resistance zones at 107.67-107.88 followed by 108.17. Should an eventual drop occurs, we can expect buyers to re-enter at 107.00 or 106.68.
Current level – 1.2294
Currently the market is in a consolidation phase and investors are cautious regarding the Brexit that is supposed to happen at the end of this month. Decreased market volatility suggests a strong move, should the price breach either of two key levels 1.2344 or 1.2272. Mostly expectations are for a depreciation of the sterling as the possibility for a chaotic exit without a deal is increasing by the day. If the downside momentum increases, we can expect a test of the 1.20 low. Bears could meet significant resistance at 1.2420.