EUR/USD
Current level – 1.2157
The rally of the EUR/USD pair lost momentum after the unsuccessful test of the resistance level at 1.2222 coming from the higher time frames. During the early hours of today’s trading, the EUR continues to lose ground against the USD and the pair is currently trading just above the support zone at 1.2148. If the bears retain control, violation of the mentioned support will become a probable scenario, which would lead to a deeper correction towards the lower zone at 1.2083. The first resistance for the bulls is found at the level of 1.2183, but only a successful breach of the next target at 1.2222 could strengthen the positive expectations for the future path of the EUR/USD.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2180 | 1.2220 | 1.2150 | 1.2030 |
| 1.2220 | 1.2253 | 1.2110 | 1.1960 |
USD/JPY
Current level – 105.90
The test of the resistance level of 106.15 was not successful and the USD/JPY lost some ground, reaching the support zone at 105.92. Only a breach of the aforementioned level could pave the way for the currency pair towards the next target at 105.61.. If the bulls re-enter the market, a new attack of the previously tested resistance at 106.15 can be expected. A successful violation here would easily lead to new gains for the USD against the JPY.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 106.15 | 106.15 | 105.60 | 104.90 |
| 106.15 | 107.40 | 105.30 | 104.10 |
GBP/USD
Current level – 1.4152
During yesterday’s trading session, the pair retraced most of its previous upward swing , thus forming a signal for a downward movement. However, the forecasts are for a continuation of the upward movement and for a test of the resistance at 1.4240. The first important support is the level of 1.3949.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.4083 | 1.4240 | 1.3950 | 1.3770 |
| 1.4240 | 1.4300 | 1.3840 | 1.3680 |
