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Analytics 31.05

EUR / USD

 
The currency pair EUR / USD is trading higher. Moving averages for 20 and 50 periods are growing and play the role of support.
The RSI index gives positive signals.
Until the level of 1.1590 is broken, the growth is likely to reach 1.1675 and 1.1730 (highs on May 25 and 28).
A break below 1.1590 will target the pair at 1.1550 and 1.1515.
The main support and resistance lines for today's pair: resistance: 1.1675; 1.1730; 1.1750.
support: 1.1590; 1.1550; 1.1515.

 

 

GBP / USD

 
The currency pair GBP / USD is trading above the horizontal support of 1.3255, which should limit the reduction potential.
In addition, the pair receives support from the uptrend line. The moving average for 20 periods has made a positive crossing of the moving average over 50 periods, which confirms the positive outlook.
While 1.3255 support is not broken, growth is likely to reach 1.3300 and 1.3340.
A break below 1.3255 will target the pair at 1.3225 and 1.3200.
The main support and resistance lines for today's pair: resistance: 1.3300; 1.3340; 1.3380.
Support: 1.3255; 1.3225; 1.3200.

 

USD / JPY

 
The technical outlook for the USD / JPY currency pair is negative, as it is limited by a downward trend line.
The pair retreated and broke down the moving average for 20 periods after it failed to break through the key resistance 109.10.
The index of relative strength (RSI) broke down the neutral level of 50.
While resistance is not broken 109.10, it is likely to decrease to 108.55 and 108.05 (May 29 minimum).
Only a break above 109.10 will change the pair's prospects to positive ones and will result in a recovery to 109.45 and 109.75.
The main support and resistance lines for the pair today:
Resistance: 109.10; 109.450; 109.75.
support: 108.55; 108.05; 107.70.