Current level – 1.1809
The appreciation of the U.S. dollar against the single European currency continued during yesterday’s trading session and the key support at 1.1835 was breached, therefore a downward movement towards the support level at 1.1751 can be expected. In case the greenback loses momentum, it is possible for the pair to reverse its direction and test the resistance at 1.1835. Today, investors’ attention will be drawn to the data on the GDP and the initial jobless claims for the United States (12:30 GMT).
Current level – 108.91
The consolidation in the range between 108.32-109.20 continues and there is still no clear indication for the future direction of the USD/JPY. Only a confirmed breach of the resistance level at 109.20 could signal for the continuation of the long-term uptrend. In the negative direction, a breach of the support at 108.32 could lead to a sell-off that could reverse the trend.
Current level – 1.3682
At the time of writing this analysis, the currency pair is testing the support at 1.3670 and a breach of this level would confirm the downward movement of the GBP/USD. The most probable scenario for today is for the pair to enter a short correction before heading towards the next target at 1.3587.