EUR/USD
Current level – 1.1922
The currency pair managed to breach the important resistance at 1.1920 and the EUR/USD should now head towards testing the next key resistance, which is currently the local top at 1.2010. If the pair manages to violate this level as well, the upward movement is expected to continue at least in the medium term. The first support is the level of 1.1892, followed by the one of 1.1827. Today markets are expected to remain calm due to the absence of important economic news, as well as due to the closed capital markets in the United States in preparation for Thanksgiving.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1980 | 1.2010 | 1.1892 | 1.1798 |
| 1.1980 | 1.2110 | 1.1827 | 1.1761 |
USD/JPY
Current level – 104.28
After the currency pair breached the resistance at 104.18, it is now consolidating and trading in a narrow range. The subsequent test of the level at 104.18, which is currently acting as a level of support, was not successful and this confirms the forecasts for the resumption of the upward movement towards the first important resistance, which is the level of 105.45. The aforementioned level of 104.18 is currently acting as a key support.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 104.43 | 105.45 | 104.18 | 103.72 |
| 104.85 | 106.10 | 104.18 | 103.20 |
GBP/USD
Current level – 1.3385
The pound has been on an uptrend against the dollar over the past two months, but has reached the key psychological resistance at 1.3394, followed by the 1.3480-3500 level. It is expected that the pound will maintain its momentum and even test the mentioned level at 1.3480-3500 which, if breached, should leave the upward trend intact. The first important support, in case of a downward movement, lies at 1.3302.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3394 | 1.3560 | 1.3300 | 1.3170 |
| 1.3480 | 1.3600 | 1.3275 | 1.3110 |
