EUR/USD
Current level – 1.2122
During Friday’s trading session, the resistance at 1.2148 was not breached. As a result, the currency pair entered into а consolidation phase. However, today the important resistance in question at 1.2148 is expected to be tested again. A breach here would pave the way for the euro towards the next important zone of resistance at 1.2205. This week, investors’ attention will be focused on the core CPI data for the euro area (Tuesday; 10:00 GMT), as well as on the pending home sales data for the United States (Thursday; 15:00 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2148 | 1.2205 | 1.2116 | 1.1957 |
| 1.2175 | 1.2205 | 1.2040 | 1.1915 |
USD/JPY
Current level – 105.62
Despite the dollar’s depreciation against the yen during the last three trading sessions, in the early hours of today’s session the currency pair is on the rise and has effectively erased almost all of its losses since Friday. The forecast is for this upward movement to continue and for the pair to test the zone of significant resistance and the local double peak at 106.15-20. The first important support is found at 104.54.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 105.90 | 106.90 | 105.61 | 105.00 |
| 106.15 | 107.40 | 105.30 | 104.55 |
GBP/USD
Current level – 1.4018
The currency pair maintains its upward momentum and this situation is projected to remain unchanged in the short to medium term. However, a corrective movehere is possible, but it should be limited by the support at 1.3849 or at 1.3740. If these two levels of support manage to hold off the attackers, this would greatly benefit the pound and the pair will most probably move towards a test of the critical resistance at 1.4250-4350.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.4140 | 1.4140 | 1.3925 | 1.3740 |
| 1.4140 | 1.4240 | 1.3850 | 1.3680 |
