EUR/USD
Current level – 1.1935
During yesterday’s trading session, the currency pair managed to break through and stay above the important resistance at 1.11903. This is a strong signal for an upcoming upward movement and forecasts are that this trend will continue. The first resistance is the local high at 1.1960, and an important support is the mentioned level of the previous resistance at 1.1903. The CPI data for the Eurozone which is due for 09:00 GMT, will most probably lead to an increase in volatility.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1960 | 1.2080 | 1.1903 | 1.1580 |
| 1.2080 | 1.2200 | 1.1836 | 1.1460 |
USD/JPY
Current level – 105.47
The US dollar lost some of its value against the yen in the first hours of today’s trading session, reaching 105.08, but then quickly regained its positions. The forecasts are for an upward trend and a resistance test at 105.95. In case of a break there, the pair will move to the next resistance at 106.41. The first important support is at 104.88.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 105.95 | 106.93 | 104.88 | 104.20 |
| 106.41 | 107.50 | 104.88 | 104.20 |
GBP/USD
Current level – 1.3239
During yesterday’s trading session the currency pair managed to get out of the narrow range in which it was at the beginning of the month and in the early hours of today’s session tested the important resistance at 1.3261. The expectations are for a short-term reversal, after which the upward movement is expected to continue. The first important support is at 1.3168.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3260 | 1.3345 | 1.3168 | 1.2950 |
| 1.3260 | 1.3505 | 1.3010 | 1.2895 |
