EUR/USD
Current level – 1.2148
The currency pair is currently found in a consolidation phase, but is expected to resume its uptrend by testing and violating the key resistance level at 1.2174, where the EUR/USD was previously rejected several times. In the negative direction, the first support is found at 1.2082, while the level of 1.1988 acts as a key support.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2174 | 1.2240 | 1.2082 | 1.1988 |
| 1.2240 | 1.2270 | 1.2082 | 1.1925 |
USD/JPY
Current level – 103.97
The small rally of the USD/JPY was limited around the resistance zone at 104.58, after which the dollar started depreciating again and tested the support level at 104.03. A confirmation of a breach here could lead to a deeper sell-off towards the important support zone at 103.72. A successful violation of the aforementioned level will strengthen the negative expectations for the future path of the Ninja. In the opposite direction, the first resistance zone for the bulls lies at the level of 104.25, but only a breach of the next target at 104.58 could lead to change in the current market sentiment.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 104.03 | 104.58 | 103.72 | 102.20 |
| 104.25 | 105.05 | 103.26 | 101.10 |
GBP/USD
Current level – 1.3334
During yesterday’s trading session, the pound made an unsuccessful attempt to breach the resistance at 1.3438 and was trading in the zone around 1.3320 until the end of the day. The expectations are for the pair to test the levels of 1.3391 and 1.3438 again, and if it manages to violate these resistance levels, to also approach 1.3497. An important support is the level of 1.3193. As the deadline for the Brexit talks (December 31st) is getting nearer, the volatility is expected to increase for the GBP/USD.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3390 | 1.3497 | 1.3291 | 1.3204 |
| 1.3438 | 1.3600 | 1.3204 | 1.3104 |
