• EUR/USD 

Current level - 1.2540

Forex Technical Analysis on EUR/USD

A top has been confirmed with yesterday's break below 1.2556 and the current bias is negative for 1.2435, en route to 1.2285 low. Initial resistance is projected at 1.2572 and crucial on the upside is 1.2640 area.

Key Market Levels
MinorIntradayMajorIntraweek
Resistance1.26401.27451.29101.30+
Support1.24351.22851.24351.2280

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  • USD/JPY

Current level - 80.36

Forex Technical Analysis on USD/JPY

The uptrend here continues to be intact and although there is a chance of an intraday corrective pattern below 80.60 resistance, I expect it to be limited above 79.80 support, which should provide a reliable base for the next leg upwards, to 81.80.

Key Market Levels
Minor Intraday Major Intraweek
Resistance 80.6081.8081.8084.15
Support 79.8078.6077.6575.55

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  • GBP/USD

Current level - 1.5606

Forex Technical Analysis on GBP/USD

The uptrend since 1.5267 low has been reversed and the outlook is bearish below 1.5650 resistance, for 1.5402, en route to 1.5260.

Key Market Levels
Minor Intraday Major Intraweek
Resistance 1.56501.57771.58421.6050
Support 1.55701.54021.54021.5260