EUR/USD
Current level – 1.0770
The declines were once again halted by the support level at 1.0770 and the price could not make a clean break. If this level is not overcome, the expectations will be for the euro to increase its value against the dollar and test the first resistance at 1.0830. If it does not hold, the EUR/USD will probably increase to the next one at 1.0900. Today, investors will follow the April Consumer Confidence Data of the University of Michigan at 14:00 GMT.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.0830 | 1.0960 | 1.0770 | 1.0570 |
| 1.0900 | 1.1030 | 1.0650 | 1.0470 |
USD/JPY
Current level – 107.50
For nine days the pair has been trading in a narrow range of about a figure – 108.05-106.98. In such situations, usually the first break of one of the boundaries of the range determines the future movement. The forecast is for the pair to test again the resistance and the upper limit of the range at 108.05 and, in the event of a break, to move to the next resistance test at 108.60.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 108.00 | 110.00 | 107.00 | 103.40 |
| 108.60 | 111.50 | 105.50 | 103.40 |
GBP/USD
Current level – 1.2349
After a drop from 1.2644 and reaching levels of 1.2244 the pair is in a correction and the forecasts are mostly negative. If the resistance in 1.2411 is not overcome soon, the dollar should get a boost against the pound and the pair will most likely test the first support at 1.2287. In case the aforementioned support is broken, the pair will probably go for the next support at 1.2162.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2360 | 1.2650 | 1.2280 | 1.1800 |
| 1.2470 | 1.2830 | 1.2200 | 1.1440 |
