EUR/USD
Current level – 1.1678
Since the beginning of the week, the pair has been in a downward trend and managed to breach the supports at 1.1780 and at 1.1721. The expectations are for this downward movement to continue, with the breach of the key support at 1.1695 being considered a strong signal. The first important resistance sits precisely at the level of 1.1695. Today, investors’ attention will be focused on data for the U.S. house price index scheduled for 13:00 GMT.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1720 | 1.1860 | 1.1645 | 1.1500 |
| 1.1780 | 1.1900 | 1.1590 | 1.1400 |
USD/JPY
Current level – 105.12
After falling last week and reaching levels of 104.00, since the beginning of this week the currency pair is on the rise and the dollar is strengthening its position against the yen. The expectations are for the strength of the dollar to be maintained and for the pair to move towards the resistance at 105.30. The first important support is the 104.80 level.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 105.30 | 106.00 | 104.80 | 103.20 |
| 105.60 | 106.45 | 104.20 | 101.00 |
GBP/USD
Current level – 1.2720
The dollar strengthened its positions against the pound as the pair reached 1.2707. The forecast for the GBP/USD is for a non-breach test of the support at 1.2640. The first important resistance is 1.2770 which, if broken, will signal that the pair is likely to test the next resistance at 1.2920.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2770 | 1.3150 | 1.2640 | 1.2530 |
| 1.2920 | 1.3290 | 1.2640 | 1.2400 |
