EUR/USD
Current level – 1.1659
The downtrend, in which the pair has been stuck for a couple of days now, continued during yesterday’s trading session. At the time of writing, the EUR/USD is trading below the key resistance at 1.1695, which signals a new decline, with the first target being the support level of 1.1645. During today’s trading session, investors’ attention will be focused on the Initial Jobless Claims (12:30 GMT) and the New Home Sales data (14:00 GMT) in the U.S.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1695 | 1.1860 | 1.1645 | 1.1500 |
| 1.1720 | 1.1900 | 1.1590 | 1.1400 |
USD/JPY
Current level – 105.28
The currency pair managed to breach and stay above the resistance level of 105.30. The expectations are for the dollar to keep on dominating the yen and for the pair to test the next resistance at 105.60. The first important support lies at 104.80.
| 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 – 1.2710
The currency pair managed to breach and stay above the resistance level of 105.30. The expectations are for the dollar to keep on dominating the yen and for the pair to test the next resistance at 105.60. The first important support lies at 104.80.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2770 | 1.3150 | 1.2640 | 1.2530 |
| 1.2920 | 1.3290 | 1.2640 | 1.2400 |
