Analysis

EUR/USD: Expect a slide towards 1.1110 low

EUR/USD Current level - 1.1178

My outlook here is bearish, for a break through 1.1170 hurdle, towards 1.1110 low, en route to 1.1015 target zone. Crucial on the upside is 1.1220.

resistance
intraday intraweek
1.1220 1.1330
1.1275 1.1450
support
intraday intraweek
1.1170 1.1010
1.1110 1.0860

 

USD/JPY Current level - 109.66

The rebound above 109.00 is obviously corrective in nature, thus preceding another dip to 108.50 zone. Key resistance lies at 110.30.

resistance
intraday intraweek
110.30 113.20
111.65 114.50
support
intraday intraweek
109.00 108.50
108.50 107.40

 

GBP/USD Current level - 1.2787

The downtrend is intact, heading towards 1.2690 area. Initial minor resistance lies at 1.2810-15 and crucial on the upside is 1.2890.

resistance
intraday intraweek
1.2810 1.2960
1.2890 1.3170
support
intraday intraweek
1.2770 1.2690
1.2690 1.2690

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