EUR/USD
Current level – 1.1269
On Friday the pair managed to close above the support area 1.1240. In the early hours of today bulls took the initiative and are heading for a test of the resistance zone 1.1285. Buyers seem well positioned for success and, if they overtake that zone, the next target would be the area between 1.1350 and 1.1400. The month-long consolidation is about to end. If buyers push through 1.1400, a rally towards 1.1550 can be expected. Today, volatility can spike around the announcement of the Eurozone retail sales (09:00 GMT) and the US ISM Non-manufacturing PMI (14:00 GMT). Critical support for the current rally remains 1.1192.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1285 | 1.1400 | 1.1240 | 1.1140 |
| 1.1350 | 1.1500 | 1.1192 | 1.0980 |
USD/JPY
Current level – 107.73
Bulls seem to be regaining their control and at the time of writing the pair is trading comfortably above the support at 107.46. Buyers can expect difficulties around 107.80, followed by 108.15. Key support area for the current move is the zone between 107.25 and 107.00.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 107.80 | 108.50 | 107.20 | 106.00 |
| 108.15 | 109.25 | 106.80 | 105.00 |
GBP/USD
Current level – 1.2477
Bulls seem to be regaining their control and at the time of writing the pair is trading comfortably above the support at 107.46. Buyers can expect difficulties around 107.80, followed by 108.15. Key support area for the current move is the zone between 107.25 and 107.00.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2550 | 1.2665 | 1.2480 | 1.2360 |
| 1.2550 | 1.2800 | 1.2400 | 1.2250 |
