Analysis

EUR/USD: Counter-trend below 1.1350, for a new slide towards 1.1100 area

EUR/USD Current level - 1.1256

The pair is heading for a test of 1.1350 resistance and the latter should cap the upside, for a downswing towards 1.1280 crucial low, en route to 1.1175.

resistance
intraday intraweek
1.1350 1.1350
1.1420 1.1420
support
intraday intraweek
1.1280 1.1090
1.1175 1.0860

 

 

USD/JPY Current level - 111.56

The violation of 111.45 hurdle signals a risk of a rise to 112.15 peak. My outlook is counter-trend, for a reversal and slide below 111.00 trigger.

resistance
intraday intraweek
111.80 113.00
112.15 114.50
support
intraday intraweek
111.45 110.20
111.00 108.50

 

 

GBP/USD Current level - 1.3258

The UK parliament ruled out the "no-deal" Brexit and the pair spiked to a new high at 1.3380. The overall bias is positive above 1.3190, targeting 1.3450 area. 

resistance
intraday intraweek
1.3380 1.3450
1.3450 1.3450
support
intraday intraweek
1.3190 1.2800
1.2960 1.2610

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