EUR/USD
Current level – 1.1722
The currency pair is currently trading at the levels of the previous trading session – 1.1722. The most probable scenario is for a test and break of the support at 1.1694 as a result of the recent violation of 1.1775. A successful breach of the 1.1694 level would strengthen the bearish sentiment and it is possible to witness a test of the next level in a downward direction – 1.1585. Today, the most important economic news that would have an impact on the market is the data on the Consumer Price Index for the U.S. (12:30 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1776 | 1.2080 | 1.1694 | 1.1580 |
| 1.1903 | 1.2200 | 1.1583 | 1.1460 |
USD/JPY
Current level – 106.60
The break through the resistance zone of 106.15 from the previous trading session secured a more confident market entry for the bulls and pushed the price towards a test of the next resistance at 106.70. A successful breach of the mentioned level would pave the way towards the next more important area for the buyers – 107.20. If the bearish mood returns, the first significant support zone will be the level of 106.15.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 106.70 | 107.20 | 106.15 | 104.85 |
| 106.70 | 107.80 | 105.55 | 104.20 |
GBP/USD
Current level – 1.3022
The currency pair continues to trade in the narrow range 1.3000 – 1.3160 and, at the time of writing the analysis, it is about half a figure lower compared to the previous session. The Cable is on the verge of a test at the lower limit of the range. A successful breach of this level would encourage the bears to test the 1.2950 zone as well.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3160 | 1.3200 | 1.3002 | 1.2898 |
| 1.3160 | 1.3300 | 1.2950 | 1.2758 |
