Analysis

USD/JPY: Positive bias, for 109.05 area

EUR/USD Current level - 1.1215

The market is getting ready for this week's FOMC meeting and the intraday bias is bearish below 1.1250, for a slide towards 1.1110 lows.

 

resistance
intraday intraweek
1.1250 1.1450
1.1350 1.1450
support
intraday intraweek
1.1200 1.1015
1.1110 1.0860

 

USD/JPY Current level - 108.60

The intraday outlook here is bullish, for a rise towards 109.05 hurdle. Crucial on the downside is 108.10 low.

 

resistance
intraday intraweek
109.05 109.90
109.05 112.40
support
intraday intraweek
108.10 107.70
107.70 106.70

 

GBP/USD Current level - 1.2590

The break through 1.2650 led to a fast slide, currently testing 1.2550 lows and a violation of that area will challenge 1.2470. Initial resistance lies at 1.2650.

 

resistance
intraday intraweek
1.2650 1.2960
1.2760 1.3170
support
intraday intraweek
1.2550 1.2470
1.2470 1.2350

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