EUR/USD
Current level – 1.0947
The upward movement which started at the end of last week, has lost momentum and the pair is now trading below the important 1.0965. Due to this, the more likely scenario is a bearish one for a move towards 1.0830. However, if the EUR/USD manages to overcome 1.0965 we’ll probably see a move towards the resistance at 1.1079. The initial jobless claims for the US (12:30 GMT) could cause extra volatility in the markets.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.0963 | 1.1200 | 1.0830 | 1.0650 |
| 1.1080 | 1.1350 | 1.0650 | 1.0511 |
USD/JPY
Current level – 107.16
The dollar continues to lose ground against the yen. The expectations are for the downward move to continue towards the 105.10-105.50 zone as the pair breached below the important support at 107.51. In the opposite direction, the first resistance is the former support at 107.51 and the major one is at 108.52.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 107.50 | 111.35 | 106.90 | 105.10 |
| 108.50 | 113.70 | 105.50 | 103.60 |
GBP/USD
Current level – 1.2381
The Cable is trading in a narrow range between 1.2300-1.2450 since the beginning of the week with neither bulls, nor bears being able to take control. A possible break of the top border of the range would renew the rally with the first target being 1.2535. In the opposite direction an important support is 1.2000
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2535 | 1.2650 | 1.2283 | 1.1440 |
| 1.2650 | 1.2800 | 1.2000 | 1.1300 |
