EUR/USD
Current level – 1.1165
The short-term outlook is positive – for a test of 1.1220 as the greenback lost positions against the Euro after yesterday’s surprise rate cut by the Federal Reserve. Today the data for ADP Nonfarm Employment Change in the United States (13:15 GMT) could have a significant impact on EUR/USD.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1220 | 1.1240 | 1.1090 | 1.0940 |
| 1.1240 | 1.1240 | 1.1035 | 1.0900 |
USD/JPY
Current level – 107.26
The currency pair continues its slide after two unsuccessful tests of the resistance at 108.30 and is currently heading towards the support level at 106.90. If the USD/JPY manages to break below 106.90, it will be highly likely to see the pair trade around the support zone at around 106.00. In the opposite direction, the first resistance is the aforementioned 108.30.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 108.20 | 109.60 | 106.90 | 105.90 |
| 109.20 | 110.00 | 106.00 | 105.00 |
GBP/USD
Current level – 1.2817
The sell-off was stopped by the support zone around 1.2740-1.2750 and the current sentiment is positive – for a test of the resistance at 1.2870, which may pave the way towards 1.2900. Better than expected data for the UK PMI Services (09:30 GMT) could help the pound to regain its positions.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2870 | 1.2940 | 1.2750 | 1.2530 |
| 1.2900 | 1.2990 | 1.2670 | 1.2350 |
