EUR/USD
Current level – 1.0829
The EUR/USD tested the resistance zone at 1.0830 but the power of the bulls was not enough and at the moment of writing the currency pair is trading just below it, preparing for another test. If 1.0830 does not hold, the bullish pressure the EUR/USD could easily head towards the important level at 1.0900. However, a violation of the support at 1.0770 will pave the way towards 1.0726, which, if breached, will signal that market sentiment has deteriorated and further depreciation of the euro could be expected.
| 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 – 107.23
The test of the support zone at 106.98 was not successful and the currency pair is continuing to trade near the lower border of the channel, making another test rather likely. If the Ninja successfully breaches the aforementioned, the next support will be around 105.50. On the other hand, if bulls start to re-enter the market, the first resistance for them will be 108.05.
| 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 – 1.2426
The pound gained ground against the US dollar, but the pair was not able to violate the resistance level at 1.2435. A successful violation of the latter will draw a more bullish picture for a move towards 1.2520, but for the time being, the more likely scenario is a move towards 1.2358, followed by 1.2287.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2435 | 1.2650 | 1.2360 | 1.1800 |
| 1.2470 | 1.2830 | 1.2190 | 1.1440 |
