EUR/USD: Spike expected, to 1.1390

EUR/USD Current level - 1.1309

The consolidation pattern below 1.1330 signals a positive bias and with the static support at 1.1280 my outlook is bullish, for a rise towards 1.1390. The mentioned rise should be a short-lived one, followed by a drowning towards 1.1175 lows.

EURUSD

resistance

intraday

intraweek

1.1330

1.1450

1.1390

1.1570

support

intraday

intraweek

1.1280

1.1175

1.1240

1.0860

 

USD/JPY Current level - 111.85

The intraday outlook is bearish, for a slide towards 111.50 minor support. Key resistance lies at 112.15.

USDJPY

resistance

intraday

intraweek

112.15

113.00

112.15

114.50

support

intraday

intraweek

111.50

108.90

110.50

107.40

 

GBP/USD Current level - 1.3092

Trading remains caught in a tight range between 1.3030 and 1.3120 and my outlook is absolutely neutral.

GBPUSD

resistance

intraday

intraweek

1.3120

1.3450

1.3200

1.3450

support

intraday

intraweek

1.2960

1.2820

1.2960

1.2610

 

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