Analysis

USD/JPY: Bearish for 111.50 target mark

EUR/USD Current level - 1.1845

The support at 1.1830 is intact and the overall outlook remains bullish, for a rise towards 1.1940 zone. An eventual slide below 1.1830 will challenge 1.1790 support, which should provide a reliable base for the expected upswing.

resistance
intraday intraweek
1.1890 1.1940
1.1940 1.2030
support
intraday intraweek
1.1830 1.1660
1.1790 1.1480

 

GBP/USD Current level - 112.10

The bias is bearish, for a slide towards 111.50. Crucial on the upside is 112.80.

resistance
intraday intraweek
112.80 113.80
113.80 114.50
support
intraday intraweek
112.00 111.50
111.50 107.30

 

GBP/USD Current level - 1.3274

Despite yesterday's sharp sell-off to 1.3120, the bullish bias has been reinstated and the outlook is positive, for a rise towards 1.3340 area. Key support is projected at 1.3220.

resistance
intraday intraweek
1.3340 1.3340
1.3340 1.3650
support
intraday intraweek
1.3220 1.2910
1.3120 1.2760

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