EUR/USD
Current level – 1.1020
The dollar continues to dominate the euro, with expectations that this trend will continue. The pair is headed for a test of important support in the 1.0980-1.1000 area, which is probably going to happen today. If this support is broken, the way towards further depreciation of the euro will be paved. In a positive direction, the first major resistance is 1.1068. Bigger movements of the currency pair can be expected today with the news about Consumer Confidence in the States for January at 15:00 GMT.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1070 | 1.1130 | 1.1000 | 1.0990 |
| 1.1100 | 1.1170 | 1.0990 | 1.0980 |
USD/JPY
Current level – 108.96
After the pair fell from its local high at 110.25, the week began with a consolidation move as the USD/JPY traded and is currently trading in the narrow range from 108.71 to 109.11. The decline is expected to continue and a test and break of the important support at 108.71 is highly likely. In the positive direction, the key resistance is the 109.20-35 zone.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 109.20 | 110.22 | 108.80 | 108.40 |
| 109.75 | 111.65 | 108.40 | 107.90 |
GBP/USD
Current level – 1.3054
During yesterday’s session, the pound tried to regain its position by testing the resistance at 1.3100, but failed to break it. As a result, a further decline followed and by the end of the US session it lost all gains from earlier in the day. The decline is expected to continue and the pair should test and break the key support at 1.3030. In an upward direction, the first major resistance is 1.3145.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3145 | 1.3210 | 1.3030 | 1.2960 |
| 1.3210 | 1.3260 | 1.3000 | 1.2790 |
