EUR/USD
Current level – 1.2142
The euro continues to lose value against the dollar for the fourth consecutive trading session, but the decline is projected to be limited to the support levels in the range of 1.2000-1.2080. Expectations are for this area of support to limit the decline and for the trend to reverse, with the euro continuing its upward movement against the dollar. The first important support is the level of 1.2206.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2206 | 1.2309 | 1.2100 | 1.1950 |
| 1.2270 | 1.2340 | 1.2060 | 1.1800 |
USD/JPY
Current level – 104.26
The dollar managed to breach the upward movement of the yen and the pair is currently found in a corrective phase. The current expectations are for a reversal of the medium and long-term trend, which would lead to an upward movement for the currency pair. The first important support is the level of 104.03, while the critical resistance for the upward movement is found at 104.75.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 104.40 | 104.58 | 104.03 | 103.49 |
| 104.40 | 104.75 | 103.72 | 102.70 |
GBP/USD
Current level – 1.3519
The currency pair is found in the corrective phase of its upward movement after reaching values of 1.3700 dollars per pound. The strong support at 1.3440 should limit the current decline and expectations are for the currency pair to continue its upward movement, should this support remain intact. The first important resistance is located at 1.3620.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3560 | 1.3700 | 1.3440 | 1.3211 |
| 1.3620 | 1.3800 | 1.3315 | 1.3211 |
