EUR/USD
Current level – 1.1171
During the last trading session the sellers stepped in and the currency pair managed to break through the support at the levels around 1.1200 and test the next support at 1.1170. A break here will pave the way to the next support at 1.1110. On the positive side, the price must go back above 1.1200 in order to keep the positive sentiment. Volatility can be expected at 15:00 GMT when US ISM manufacturing data will be released.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1200 | 1.1270 | 1.1170 | 1.1110 |
| 1.1240 | 1.1300 | 1.1110 | 1.1070 |
USD/JPY
Current level – 108.02
The price managed to successfully break through the important support level at 108.47, which opened the door to a longer term negative sentiment. The expectations are for a depreciation of the US dollar against the Yen as a support can be expected around 107.90 levels. On the positive side, the price should go back above 108.47 to consolidate in the previous range in order to change the current sentiment
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 108.22 | 109.20 | 107.90 | 107.70 |
| 108.47 | 109.70 | 107.85 | 107.55 |
GBP/USD
Current level – 1.3126
The currency pair couldn’t successfully test the resistance level at 1.3300 and, as expected, turned down looking for the support zone at 1.3100. A break here will accelerate the movement to 1.30. On the other hand, a break above 1.3300 would likely lead to new highs for the GBP. Volatility should be expected to affect the price movement at 09:30 GMT when UK PMI construction data for December will be released.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3175 | 1.3500 | 1.3100 | 1.2970 |
| 1.3300 | 1.3600 | 1.3090 | 1.2790 |
