EUR/USD
Current level – 1.0896
The Euro kept recovering during yesterday’s trading sessions and bulls tested the resistance zone 1.10. Expectations are positive for a successful breach of 1.10 and targeting the next level at 1.1040. The momentum of the rally is looking strong and buyers are in control. However, retracement movements are not excluded, but they should remain limited above 1.0940 or the more important zone 1.0870 in order to keep the positive beat going.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1000 | 1.1070 | 1.0940 | 1.0815 |
| 1.1040 | 1.1070 | 1.0870 | 1.0780 |
USD/JPY
Current level – 109.05
The Euro kept recovering during yesterday’s trading sessions and bulls tested the resistance zone 1.10. Expectations are positive for a successful breach of 1.10 and targeting the next level at 1.1040. The momentum of the rally is looking strong and buyers are in control. However, retracement movements are not excluded, but they should remain limited above 1.0940 or the more important zone 1.0870 in order to keep the positive beat going
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 109.20 | 109.97 | 108.30 | 107.00 |
| 109.60 | 111.10 | 107.90 | 106.50 |
GBP/USD
Current level – 1.2868
The pound remains under pressure and the price is testing 1.2870. A successful breach here could push the price down to 1.28. If bearish pressure is strong enough and 1.28 is breached, the next support zone is the distant 1.2530. If we see a bounce, trading can continue in a range with boundaries at 1.2870 and 1.3060. At the moment, expectations are mixed and a breach of either level would define the future direction of the price.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2900 | 1.2990 | 1.2870 | 1.2530 |
| 1.2940 | 1.3060 | 1.2800 | 1.2350 |
