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Analytics 29.05

EUR / USD

 
The EUR / USD is under pressure below the key resistance 1.1675, which should limit the growth potential. The downward moving average for 50 periods also plays the role of very strong resistance.
The RSI index is below the neutral level of 50.
Until 1.1675 resistance is broken, it is likely to fall to 1.1605 and 1.1555.
A break above 1.1675 will make it possible to recover to 1.1730 and 1.1770.
The main support and resistance lines for today's pair: resistance: 1.1675; 1.1730; 1.1770.
support: 1.1605; 1.1555; 1.1520.

 

 

GBP / USD

 
The currency pair GBP / USD is trading in a downtrend and is limited by the falling moving average for 50 periods. The process of formation of higher highs and lows remains in force, which confirms a negative outlook.
The RSI index signals from ambiguous to negative, being below the neutral level of 50.
While the resistance level is not broken above 1.3350, it is likely to fall to 1.3290 and 1.3265.
A break above 1.3350 will target the pair at 1.3380 and 1.3415.
The main support and resistance lines for today's pair: resistance: 1.3350; 1.3380; 1.3415.
support: 1.3290; 1.3265; 1.3235.

 

USD / JPY

 
USD / JPY is consolidating below 109.10 (May 25 minimum), which should reduce demand for it.
The Relative Strength Index (RSI) delivers negative signals below the neutral level of 50.
Although further growth can not be ruled out, its scale should be limited.
While resistance is not broken 109.10, growth to 109.80 and 110.35 is likely.
A break below 108.80 will target the pair at 108.55 and 108.10.
The main support and resistance lines for the pair today:
Resistance: 109.10; 109.80; 110.35.
support: 108.80; 108.55; 108.10.