Analysis

GBP/USD: Bearish bias, for 1.2810 area

EUR/USD Current level - 1.1211

Yesterday's peak at 1.1260 has finalized the consolidation pattern pattern and the bias is bearish again, for a break through 1.1175 support, en route to 1.1010 target area.

resistance

intraday

intraweek

1.1215

1.1330

1.1260

1.1450

support

intraday

intraweek

1.1175

1.1175

1.1010

1.0860

 

USD/JPY Current level - 111.79

 Trading remains calm in the tight range between 111.50 and 112.15 and I continue to favor a break on the upside, for a rise towards 113.20 area.

resistance

intraday

intraweek

112.15

113.20

113.20

114.50

support

intraday

intraweek

111.50

108.90

110.50

107.40

 

GBP/USD Current level - 1.2919

The pair finally broke through 1.2960 support area and the outlook is bearish, for a dip to 1.2810 zone. Crucial on the upside is 1.3015 high.

resistance

intraday

intraweek

1.2960

1.3450

1.3015

1.3450

support

intraday

intraweek

1.2900

1.2810

1.2810

1.2610

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