Analysis

GBP/USD: Allow a dip to 1.2600 area before revisiting 1.2780 peak

EUR/USD Current level - 1.1366

The static support at 1.1350 continues to hold, but an attempt to 1.1320-1.1280 can not yet be ruled out and such will gather steam for a new rise beyond 1.1450.

resistance
intraday intraweek
1.1450 1.1570
1.1570 1.1820
support
intraday intraweek
1.1350 1.1110
1.1250 1.1010

 

USD/JPY Current level - 107.65

The slide after 108.15 peak should be considered corrective, preceding another leg, towards 108.70. Initial intraday support lies at 107.45.

resistance
intraday intraweek
108.15 109.90
108.70 112.40
support
intraday intraweek
107.45 106.70
106.70 104.50

 

GBP/USD Current level - 1.2661

I favor a slide towards 1.2600 area before return to 1.2810 resistance zone.

resistance
intraday intraweek
1.2705 1.2890
1.2810 1.3170
support
intraday intraweek
1.2650 1.2503
1.2600 1.2420

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