EUR/USD
Current level – 1.1714
The support at 1.1670 managed once again to resist the bearish pressure and the expectations for today’s trading session are for the pair to remain within the range between 1.1670 – 1.1766. Only a breach of the support at 1.1670 would lead to a sell-off, targeting the levels at around 1.1600. At the time of writing, a move towards the resistance at 1.1760 is a possible scenario before the downtrend is to continue. If the mentioned resistance is breached, the EUR/USD will most likely head towards the resistance at 1.1800.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1708 | 1.1800 | 1.1670 | 1.1600 |
| 1.1766 | 1.1830 | 1.1600 | 1.1530 |
USD/JPY
Current level – 109.80
After the successful breach of the resistance at 109.73, the expectations for today’s trading session are for a test of the resistance at 110.18. However, it is very likely that trading will remain locked in the range between 109.50-110.20. The stronger support, in case the pair starts to decline, is the level of 109.50 which, if breached, should lead to a move towards the support zone at 108.74.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 110.18 | 110.52 | 109.73 | 109.11 |
| 110.52 | 111.00 | 109.48 | 108.74 |
GBP/USD
Current level – 1.3646
The currency pair is testing the psychological level at 1.3600 and, at the time of writing the analysis, there is a corrective movement which will most likely lead to a move towards the resistance at 1.3720. During today’s trading session, the more important economic news that could lead to an increase in volatility is the preliminary manufacturing PMI and the preliminary services PMI at 08:30 GMT.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3723 | 1.3800 | 1.3600 | 1.3508 |
| 1.3765 | 1.3880 | 1.3567 | 1.3508 |
