Euro, Yen, Sterling Trading Strategy
EUR/USD: The uptrend is still continuing. The target looks to the resistance area of 1.1830. However, near this point, it may trigger a resumption of new selling, thus suppressing the downside of the exchange rate to 1.1650. Only a clear breakthrough of 1.18830 can lead to a high of 1.2060.
Intraday resistance: 1.1830, 1.1910; resistance this week: 1.1830, 1.2060
Day support: 1.1750, 1.1650; this week support: 1.1480,1.1300
USD/JPY: The current trend may be reversed below 110.40. After restarting the downtrend, the target is pointing to the 109.00 area.
Intraday resistance: 110.40, 111.40; resistance this week: 111.40, 114.40
Day support: 109.45, 108.40; support this week: 107.80, 106.70
GBP/USD: As the exchange rate approaching the 1.3460 resistance area reverses at any time, the downside target looks to 1.3290. The upside is only a clear break through 1.3460 to further point to the 1.3620 area.
Intraday resistance: 1.3460, 1.3620; resistance this week: 1.3618, 1.3990
Day support: 1.3380, 1.3290; this week support: 1.3210, 1.3040