Analysis

GBPUSD: Bearish for 1.4120 after a brief consolidation

EUR/USD Current level - 1.2373

The bias is slightly positive, with a risk of another leg upwards, to 1.2430. Key support lies at 1.2340.

resistance

intraday

intraweek

1.2430

1.2560

1.2470

1.2560

support

intraday

intraweek

1.2340

1.2160

1.2260

1.2090

 

USD/JPY Current level - 107.42

The outlook remains bullish above 106.60, for a rise towards 108.30 area.

resistance

intraday

intraweek

107.77

108.30

108.30

110.40

support

intraday

intraweek

107.05

105.20

106.60

104.60

 

GBP/USD Current level - 1.4200

Yesterday's sell-off reached a local low at 1.4170 and the corrective pattern above that level could challenge 1.4280 resistance before drowning towards 1.4120.

resistance

intraday

intraweek

1.4280

1.4501

1.4344

1.4770

support

intraday

intraweek

1.4170

1.4090

1.4120

1.3960

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