EUR/USD
Current level – 1.0995
Looks like the bears are back in charge as selling momentum increased after the violation of 1.1036. At the moment of writing, the EUR/USD is trading at the verge of the crucial level of support at 1.0991, which, if broken, should lead to further depreciation of the common currency against the dollar. Despite the fact that the short-term sentiment is negative and having in mind how strong the aforementioned support has proven, a corrective move towards the 1.1036 resistance remains possible.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1036 | 1.1100 | 1.0990 | 1.0925 |
| 1.1069 | 1.1130 | 1.0965 | 1.0870 |
USD/JPY
Current level – 109.81
The situation here remains positive as the rally continues and the currency pair is testing the resistance zone at 109.81. A successful breach here should help bulls push the USD/JPY to the next zone at around 110.18, improving the overall sentiment. If price momentum is lost and the pair is unable to move beyond 109.81, buyers might reenter the market at around 109.21. Major support coming from the bigger time frames are 108.78 and 108.30.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 109.90 | 110.22 | 109.20 | 108.29 |
| 110.00 | 111.65 | 108.78 | 107.90 |
GBP/USD
Current level – 1.2981
The bears succeeded in keeping the Cable close to the support zone at 1.2975, but they could not muster enough strength to push through. A breach here would confirm the negative sentiment for the near future. In the positive direction, a successful test at 1.3029 and a rally above the resistance zone 1.3061 could help and encourage the buyers for a test of 1.3145
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3030 | 1.3100 | 1.2980 | 1.2960 |
| 1.3060 | 1.3145 | 1.2960 | 1.2790 |
