Analysis

EUR/USD: 1.1420 hurdle should cap the upside

EUR/USD Current level - 1.1404

The hurdle at 1.1420 is expected to limit the upside, for another wave downwards, to 1.1260. Initial minor support lies at 1.1380.

resistance
intraday intraweek
1.1420 1.1500
1.1500 1.1630
support
intraday intraweek
1.1380 1.1214
1.1310 1.1100

 

 

USD/JPY Current level - 107.87

The intraday bias is slightly bearish after 108.45 peak, for a slide towards 106.70. Key resistance remains projected at 108.70.

resistance
intraday intraweek
108.70 111.45
110.20 112.20
support
intraday intraweek
106.70 106.70
104.60 104.60

 

 

GBP/USD Current level - 1.2650

Intraday allow a brief test of 1.2710 resistance, before reversal and drowning towards 1.2540 area. Initial minor support lies at 1.2615.

resistance
intraday intraweek
1.2710 1.2885
1.2820 1.3250
support
intraday intraweek
1.2615 1.2420
1.2540 1.2340

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