EUR/USD
Current level – 1.2216
The correction of the currency pair was limited by the support at 1.2140 and, at the time of writing the analysis, the bulls have taken control and the euro has gained positions against the greenback. Еxpectations remain positive and the most probable scenario for today is a move towards the resistance at 1.2270. In the negative direction, if the bulls lose their momentum, we could witness a new test of the support at 1.2140. Volatility could pick up when the U.S. core CPI data is announced at 13:30 GMT.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2206 | 1.2309 | 1.2140 | 1.2060 |
| 1.2270 | 1.2340 | 1.2100 | 1.1950 |
USD/JPY
Current level – 103.52
During yesterday’s trading session, the bears entered the market, which signalled for the continuation of the downtrend and the currency pair will most probably head towards the important resistance at 102.69. A potential breach of this level will likely push the currency pair towards the support at 101.10. The first resistance in case of a bullish move is found at 103.72.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 103.72 | 104.25 | 103.49 | 103.013 |
| 104.03 | 104.58 | 103.27 | 102.69 |
GBP/USD
Current level – 1.3676
At the time of writing this analysis we are witnessing a strong upward movement and a successful breach of the important resistance at 1.3620. The currency pair should attack the next level at 1.3700. If it is successfully breached, the uptrend will gain more momentum and the pair will most probably head towards the next resistance at 1.3800. If this level is reached, it is highly possible for this resistance to stop the uptrend in its tracks, which would lead to sell-offs and a short-lived corrective move in the negative direction.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3700 | 1.3860 | 1.3620 | 1.3440 |
| 1.3800 | 1.3980 | 1.3560 | 1.3315 |
