Analysis

GBP/USD: 1.2860 low should provoke a reversal for 1.3050

EUR/USD Current level - 1.1205

The downtrend is intact and a break through 1.1170 will challenge 1.1110 low. Crucial on the upside is 1.1240.

resistance
intraday intraweek
1.1240 1.1330
1.1275 1.1450
support
intraday intraweek
1.1170 1.1010
1.1110 1.0860

 

USD/JPY Current level - 109.67

The support at 109.40 guards the positive intraday bias, for a bounce towards 110.30. The outlook on the senior frames remains neutral.

resistance
intraday intraweek
110.30 113.20
111.65 114.50
support
intraday intraweek
109.40 108.50
108.50 107.40

 

GBP/USD Current level - 1.2902

The bias is bearish, for a test of 1.2860 low and the latter should provide a reliable base for one more upswing, to 1.3050.

resistance
intraday intraweek
1.2960 1.3340
1.3050 1.3450
support
intraday intraweek
1.2860 1.2860
1.2810 1.2610

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