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Analytics 03.08

EUR / USD

 

The EUR / USD falls below the lower limit of the side channel. Break 1.1575 (July 19 minimum) will focus it on the recent lows of 1.1510 / 08 and further on 1.1373 (200-week MA). The pair remains bearish, as long as it trades below the highs of the last two weeks at 1.1746 / 50.

Resistance: 1.1680, 1.1749 and 1.1792.

Support: 1.1580, 1.1575 and 1.1527.

 

GBP / USD

 

The pair GBP / USD this morning traded in the range of $ 1.3005-20. The sharp drop in GBP after the statements of the Bank of England, apparently, has not yet exhausted itself and may continue. However, the pair has already entered the overbought area, so the probability of a clean breakdown of the low of 1.2958 last month is not high.

The resistance is at the levels: $ 1.3065, $ 1.3125, $ 1.3170

Support levels are located at: $ 1.3005, $ 1.2960, $ 1.2910

 

 USDJPY

 

USD / JPY is trading in a narrow range, trying to determine the direction and holding just above 111.50 during the Asian session on Friday.

   At the moment, the pair is in the global uplink on the 4-hour chart.

The resistance is at the levels: Y112.15, Y112.50, Y113.10-15

Support levels are located on: Y111.30, Y110.60-75, Y110.35