EUR/USD
Current level – 1.1863
The currency pair is found in a consolidation phase just below the resistance zone of 1.1890. The forecast is for the pair to test and breach the resistance level of 1.1890 and continue its upward movement towards the next target at 1.1955 once the consolidation phase is over. The intraday support lies at 1.1853 and 1.1824 is a key support level. During today’s trading session, investors’ attention will be focused on the data on the ISM non-manufacturing Index for the U.S. (14:00 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1890 | 1.1970 | 1.1853 | 1.1705 |
| 1.1955 | 1.2070 | 1.1772 | 1.1600 |
USD/JPY
Current level – 108.94
The yen continues to appreciate against the dollar and, at the time of writing, the currency pair is confirming the breach of the support level at 109.04. If confirmed, the breach would lead the pair towards a test of the next support at 108.70. In the positive direction, the key resistance lies at 109.77.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 109.33 | 110.13 | 109.04 | 108.55 |
| 109.77 | 110.37 | 108.70 | 108.10 |
GBP/USD
Current level – 1.3906
During the last couple of sessions, the Cable has been trading in the relatively narrow range between 1.3884-1.3977. At the time of writing, neither the bulls nor the bears could gain momentum and establish themselves on the market. Only a confirmed breach of one of the boundaries of the range could draw a clearer direction. An increase in volatility can be expected today around the announcement of the data on the PMI services for the UK (08:30 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3930 | 1.4060 | 1.3884 | 1.3771 |
| 1.3977 | 1.4115 | 1.3826 | 1.3714 |
