Analysis

GBP/USD: Bearish below 1.2930, for a tight test of 1.2830 key hurdle

EUR/USD Current level - 1.1212

The corrective pattern below 1.1270 peak is still underway, so I favor a break through 1.1170 to challenge 1.1080 area. Crucial resistance lies at 1.1300.

resistance
intraday intraweek
1.1270 1.1300
1.1300 1.1300
support
intraday intraweek
1.1170 1.1022
1.1080 1.0838

 

USD/JPY Current level - 111.30

The intraday bias is negative after the second failure at 112.00, for a slide towards 110.80, en route to 110.20.

resistance
intraday intraweek
112.00 114.30
113.00 115.60
support
intraday intraweek
110.80 109.40
110.20 108.12

 

GBP/USD Current level - 1.2878

The intraday bias is bearish, for a break through 1.2830, towards 1.2705 zone. Initial resistance lies at 1.2930.

resistance
intraday intraweek
1.3050 1.3120
1.3120 1.3500
support
intraday intraweek
1.2900 1.2770
1.2830 1.2610

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