Analysis

USD/JPY: Initial resistance lies at 107.80

EUR/USD Current level - 1.1242

The return above 1.1180 signals a continuation of the corrective pattern and the intraday outlook is neutral.

 

resistance
intraday intraweek
1.1285 1.1570
1.1350 1.1820
support
intraday intraweek
1.1180 1.1110
1.1110 1.1010

 

USD/JPY Current level - 107.62

The breach of 108.10 static support led to a slide towards 107.50 target area. Initial resistance lies at 107.80, followed by the crucial 108.30.

 

resistance
intraday intraweek
107.80 109.80
108.30 112.40
support
intraday intraweek
107.50 106.70
106.70 104.50

 

GBP/USD Current level - 1.2440

The rebound after 1.2380 low is corrective, but there is a risk of a spike to 1.2500 resistance area. 

 

resistance
intraday intraweek
1.2450 1.2580
1.2500 1.2890
support
intraday intraweek
1.2360 1.2360
1.2220 1.2110

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