EUR/USD
Current level – 1.1042
The Euro continues to gain ground against the dollar after it managed to breach above yet another important resistance – 1.0965. At the moment of writing, the pair is heading towards the next resistance at 1.1079 and, if the test turns out to be successful, the bullish momentum should increase, taking the price to the zone around 1.1200. In the opposite direction, the aforementioned resistance at 1.0965 is now acting as a support.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1079 | 1.1200 | 1.0965 | 1.0480 |
| 1.1200 | 1.1200 | 1.0830 | 1.0354 |
USD/JPY
Current level – 108.62
Following a couple of unsuccessful attempts to break the resistance at 111.34 the dollar depreciated against the yen, slipped below the support at 109.94 and is now preparing to test the next support at 108.52. A successful test of the latter will pave the way towards 107.51. In the opposite direction, the lower border of the previous range at 109.94, is now acting as a resistance.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 109.94 | 113.70 | 108.50 | 107.50 |
| 111.35 | 114.60 | 107.50 | 106.80 |
GBP/USD
Current level – 1.2194
The retracement of the Cable continues after the massive sell-off from last week and now it is preparing to test the resistance at 1.2283. A possible break above 1.2283 would pave the way towards the zone around 1.2535. On the other hand, any bad news regarding the spread of COVID-19 in the UK, could quickly push the price back below 1.2000.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2280 | 1.2280 | 1.1480 | 1.1300 |
| 1.2535 | 1.2535 | 1.1440 | 1.1200 |
