Analysis

USD/JPY: Possible rebound to 113.00 area

EUR/USD Current level - 1.1120

Yesterday's peak at 1.1171 started a pullback and the intraday bias is slightly bearish, with a risk of a slide through 1.1080, towards 1.1020 support area.

resistance

intraday

intraweek

1.1130

1.1130

1.1200

1.1300

support

intraday

intraweek

1.1094

1.1022

1.1022

1.0838

 

USD/JPY Current level - 111.23

The reversal at 110.23 shows a positive bias, for a break through 111.90resistance, towards 113.00 hurdle.

resistance

intraday

intraweek

113.00

114.30

114.30

115.60

support

intraday

intraweek

112.00

109.40

112.00

108.12

 

GBP/USD Current level - 1.2948

The recent break through 1.2990 resistance was a short-lived one and the return below the mentioned area signals a risk of another attempt at 1.2830 crucial level. A break through the latter will confirm a reversal on the senior frames, challenging 1.2770 and 1.2610 areas. Key on the upside is 1.2990.

resistance

intraday

intraweek

1.2990

1.3120

1.3050

1.3500

support

intraday

intraweek

1.2830

1.2770

1.2770

1.2610

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