Contributors Technical Analysis Forex Technical Analysis: EUR/USD, USD/JPY, GBP/USD

Forex Technical Analysis: EUR/USD, USD/JPY, GBP/USD

EUR/USD

Current level – 1.1157

The currency pair failed to overcome the support level at 1.1130. At the moment of writing sentiment is to the positive side – for a successful test of the resistance zone at 1.1171, followed by 1.1200. More important news that could affect the price movement is the data for ADP Nonfarm employment change for December (13:15 GMT).

Resistance Support
intraday intraweek intraday intraweek
1.1170 1.1240 1.1130 1.1110
1.1200 1.1300 1.1110 1.1070

USD/JPY

Current level – 108.37

The US dollar lost ground against the yen during the night as investors and traders sought haven in the yen due to the intensifying conflict between Iran and the United State and the news that a US base in Western Iraq has been attacked by Iranian missiles. At the time of writing the analysis, the losses are almost completely recovered, with the price facing a test at the resistance zone around 108.50

Resistance Support
intraday intraweek intraday intraweek
108.47 109.20 108.00 106.50
108.80 109.70 107.40 105.50

GBP/USD

Current level – 1.3131

Currently the GBP/USD is testing resistance zone at 1.3125 and, if successful, the next goal should be a test the next resistance zone around 1.3260. In the negative direction, the first resistance is the level at 1.3060, followed by 1.3000.

Resistance Support
intraday intraweek intraday intraweek
1.3215 1.3260 1.3050 1.2915
1.3260 1.3320 1.3000 1.2790

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