EUR/USD
Current level – 1.1744
The common European currency continues to regain its positions against the dollar and during yesterday’s trading session it managed to consecutively breach the two resistance levels at 1.1676 and 1.1704. The expectations are for the uptrend to continue as the euro will most probably test the important resistance at 1.1760. The GDP data for the USA is to be released at 12:30 GMT and if it is weaker than the forecast, the uptrend could gain momentum and the bulls could aim for even higher levels. The first support is the former resistance at 1.1704.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1760 | 1.1760 | 1.1705 | 1.1500 |
| 1.1830 | 1.1830 | 1.1675 | 1.1440 |
USD/JPY
Current level – 105.69
After a couple of unsuccessful attempts at the key resistance at 105.59, the currency pair managed to breach this level and it is expected to test the next one at 105.78.If this level is broken, it would pave the way towards the zone around 106.00. The first important support is the level at 105.28.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 105.80 | 105.80 | 105.30 | 104.50 |
| 106.00 | 106.00 | 104.80 | 104.20 |
GBP/USD
Current level – 1.2856
After a failed test of the resistance at 1.2920 the pair consolidated around 1.2860 and the expectations are for a new test of 1.2920, possibly followed by 1.3020. The first important support is at 1.2770.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2860 | 1.2920 | 1.2770 | 1.2530 |
| 1.2920 | 1.3020 | 1.2530 | 1.2440 |
