Analysis

EUR/USD: one more test of 1.1268

EUR/USD Current level - 1.1349

Yesterday the pair went up to the 1.1350 zone. The expectations are for a failed test at that level and renewal of the downside move towards 1.1268. 

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resistance
intraday intraweek
1.1350 1.1450
1.1400 1.1500
support
intraday intraweek
1.1300 1.1210
1.1260 1.0850

 

USD/JPY Current level - 112.55

The trend remains negative after the bounce from 113.70. The expectations are for a decline towards 112.22 and a slight retracement afterwards. If the break of 112.22 is successful the new target would be around 111.75. 

 

 

resistance
intraday intraweek
113.65 114.50
114.00 116.20
support
intraday intraweek
112.50 112.20
112.20 111.60

 

GBP/USD Current level - 1.2623

We are seeing a slight optimism in the British pound. I expect an advance towards the resistance zone at 1.2690. For the bulls to take over they'll need a successful break of that level. On the contrary this could bring back the pair to the levels around 1.2550 - 1.2500.  

 

 

resistance
intraday intraweek
1.2630 1.2880
1.2690 1.3030
support
intraday intraweek
1.2500 1.2360
1.2460 1.2140
 
 
 
 
 

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