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Analytics 20.08

EUR / USD


EUR / USD continues to decline gradually and is aiming for new daily lows before the 1.14 mark against the background of a dollar recovery across the entire spectrum of the market.
It is understood that the pair is trading below the MA 200 H1 moving average line in the general downlink from July 31. In the current situation, it will be most appropriate to seek new opportunities for sale at the end of the correction, after the breakdown of the support line of August 15.
The resistance is at the levels: $ 1.1480, $ 1.1535, $ ​​1.1615-25
Support levels are located at: $ 1.1400, $ 1.1350, $ 1.1300
 
 
GBP / USD


Analysts at UOB Group believe that breakdown of 1.2780 will signal a completion of the bearish phase of the pound. It is important to understand that the pound is in the global downlink on the 4-hour chart and while the pair in this trend and below the MA 200 H1 moving average line, one can look closely at the sales of the pair at the end of the correction.
The resistance is at the levels: $ 1.2780, $ 1.2825-35, $ ​​1.2910
Support levels are located at: $ 1.2700, $ 1.2660, $ 1.2590
 
USD / JPY


USD / JPY continued its recovery from the Asian session low at 110.41 and reached the green zone.
The pair formed a new downward momentum in the global downtrend. In the current situation, it is still necessary to look closely at the sales of the pair on corrections.
The resistance is at the following levels: Y110.65, Y111.05-10, Y111.40-50
Support levels are located on: Y110.35, Y109.95-10, Y109.70