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Analytics 07.05


On the EUR / USD currency pair, very important data came out on Friday. And against their background, there were fluctuations in the market.
The growth rate of wages has instilled in investors confidence that inflation is still strengthening at a modest pace, and the Fed is likely to continue to slowly and steadily raise rates.
Another factor that mitigated investors' concerns was weak data on inflation in the euro area. According to analysts, these data indicate that central banks in this region will also adhere to a cautious approach to raising rates.
On Friday, the pair renewed its 1.1910 low for the last 4 months. But almost immediately recovered. The pair is trading below all moving averages.
The RSI index is below the neutral level of 50.
As long as the pair remains above 1.1930, a return to 1.2000 and 1.2035 is likely.
A break below 1.1930 will target the pair at 1.1910 and 1.1880.
The main support and resistance lines for today's pair: resistance: 1.1960; 1.1990; 1.2035.
Support: 1.1930; 1.1910; 1.1880.




The currency pair GBP / USD pair is trading in a downtrend on H1.
This week, everyone will focus on the meeting of the Bank of England, and almost all analysts are confident that the central bank will leave its interest rates unchanged.
On Friday, the currency pair GBP / USD could not break through the moving average MA20, and all day it did, that pushed it down.
To date, the pair is limited to a strong resistance 1.3550, which in combination is MA20 on H1.
The RSI index is below the neutral level of 50.
Until the level of 1.3570 is broken up, the risk of falling below 1.3530 is high to the psychological level of 1.3500.
A break above 1.3570 will target the pair at 1.3620 and 1.3660.
Do not forget to put S \ L.
And do not forget that for the GBP / USD currency pair the global trend is upward.
The main support and resistance lines for the pair for today: resistance: 1.3550; 1.3670; 1.3620.
support: 1.3530; 1.3500; 1.3480.



The USD / JPY currency pair resumed the new low last week at 108.64. And almost immediately recovered until Friday morning. The currency pair is still limited by downward moving averages for 20 and 50 periods. She tries to break them, but nothing happens for the currency pair yet.
The Relative Strength Index (RSI) provides positive signals (above the 50th level).
Until the level of 109.55 is broken up, it is possible to return to the levels 108.90 and 108.75.
A break above 109.55 will target the pair at 109.75 and 110.00.
Do not forget that globally for today, the trend for the pair is still descending. So be careful with shopping. Do not forget to minimize your risks (S / L).
The main support and resistance lines for the pair today:
Resistance: 109.55; 109.75; 110.00
support: 109.15; 108.90; 108.75.