EUR/USD
Current level – 1.1012
In line with expectations, the FED kept main interest rates unchanged which lead to a short-lived volatility in the EUR/USD. After a test of the support at 1.0995, the price bounced back, but the euro still ended the day in the red. The support 1.0995 is coming from a higher time frame and has been tested a few times in the past. Should it be breached, however, we can expect a new wave of sales to push the price towards 1.0950. If this attempt also proves to be unsuccessful, a quick comeback to the 1.1070 level could be expected. In today’s session a series of data coming from the EU regarding business and consumer sentiment (10:00 GMT) could increase market volatility.
| 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 – 108.90
The situation here remains unchanged since the beginning of the week and the pair is trading in the range between 108.77 and 109.20. А breach in either direction would define the short term move in the price. If the sell-offs continue, the next support for USD/JPY is around 108.40. Should it go north, first substantial resistance zone is between 109.60-109.74, followed by the recent high at 110.20.
| 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 – 1.3013
The downtrend here is losing momentum after the price got near the support 1.2960 that was formed from the higher time frames. In order for the current trend to continue, a breach of 1.2960 is needed, until then expectations remain positive for a rally with first target at 1.3060, followed by 1.3140. Today is the interest rate decision announcement from the Bank of England (12:00 GMT), which will create volatility in the market and any hints about future policy will be in the scope of traders.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3145 | 1.3210 | 1.3000 | 1.2960 |
| 1.3210 | 1.3260 | 1.2960 | 1.2790 |
