EUR/USD
Current level – 1.1637
Despite the neutral intraday bias I still favor a higher rebound, through 1.1660, to 1.1720 area. The latter is expected to cap the upside and to provoke a large scale move towards 1.1480. Key intraday support lies at 1.1600.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
|
1.1660 |
1.1840 |
1.1600 |
1.1480 |
|
1.1720 |
1.1940 |
1.1480 |
1.1300 |
USD/JPY
Current level – 113.93
The rebound above 113.50 show a completion of the current slide from 114.50 and the intraday bias is positive, for another test of the mentioned peak. The whole consolidation below 114.50 is still underway, with a risk of a third leg towards 113.00 and only a clear break through 114.50 will challenge 115.50.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
|
114.00 |
114.50 |
113.50 |
111.00 |
|
114.50 |
115.50 |
113.05 |
107.30 |
GBP/USD
Current level – 1.3283
The break through 1.3220 resistance unleashed an upmove beyond 1.3280 and the bias is still positive, with a risk of a tight test at 1.3340 resistance. Initial support lie s at 1.3260, followed by 1.3220. A violation of the latter will signal a beginning of a senior move towards 1.3020.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
|
1.3300 |
1.3340 |
1.3260 |
1.3020 |
|
1.3340 |
1.3650 |
1.3220 |
1.2760 |
