EUR/USD
Current level – 1.1136
After the failed attempt to breach the minor support at 1.1153 a retracement towards 1.1109 is possible. It may be deepen if CPI data (10:00 GMT) is worse than expected, but if 1.1109 holds, the pair will test again the resistance levels at 1.1153 and 1.1199.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1170 | 1.1200 | 1.1110 | 1.1060 |
| 1.1200 | 1.1270 | 1.1060 | 1.1000 |
USD/JPY
Current level – 109.41
The pair is trading in range 109.20-109.69 during the last couple of days. In order to confirm the uptrend, the pair should breach the key support at 109.69 which would pave the way up to 111.50. The bottom of the range(109.20) is the first support
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 109.70 | 110.50 | 109.20 | 108.60 |
| 109.90 | 111.00 | 108.90 | 108.40 |
GBP/USD
Current level – 1.3080
The British pound rose sharply against the dollar following the UK general elections at the end of last week, but after that the positive sentiment lost momentum and now the Cable is just above the main support 1.3099. If this support level holds, the expectations are that the upward movement will be restored which could be supported by good data for the UK CPI(09:30 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3180 | 1.3500 | 1.3100 | 1.3050 |
| 1.3300 | 1.3600 | 1.2945 | 1.2945 |
