EUR/USD
Current level – 1.1839
The currency pair stayed above the support level of 1.1800 during Friday’s trading session and, in the early hours of today, managed to breach the resistance of 1.1834. This is a bullish signal for an upward movement towards the important support level of 1.1900, possibly followed by an attack of the resistance at 1.2010 which comes from the higher time frames. In the negative direction, the first support lies at the previously mentioned level of 1.1800. This week, the most important economic news that can have a significant impact on the currency pair, is the data on the consumer price index in the Eurozone (Wednesday; 10:00 GMT) and the retail sales in the USA (Tuesday; 13:30 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1880 | 1.1902 | 1.1800 | 1.1700 |
| 1.1900 | 1.2010 | 1.1754 | 1.1626 |
USD/JPY
Current level – 104.63
The currency pair breached the support level of 104.90 on Friday and, at the start of the new week, the expectations are for the Greenback to depreciate against the yen, pushing the pair towards a test of the important support at 104.10. In the positive direction, the first resistance lies at 105.33.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 105.33 | 105.33 | 104.39 | 104.09 |
| 105.70 | 104.87 | 104.10 | 103.64 |
GBP/USD
Current level – 1.3209
The Cable breached the resistance at 1.3159 on Friday and is now headed towards another test of the resistance at 1.3272. An important support level is 1.3062. The main driving force for the currency pair this week will be the final stage of the UK-EU Brexit talks. Another economic news that could have a strong impact on the Cable is the CPI data for the UK (Wednesday; 07:00 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3272 | 1.3382 | 1.3060 | 1.2945 |
| 1.3382 | 1.3481 | 1.3000 | 1.2887 |
