The euro showed mixed trades on Monday. The single currency was flat during the day and rallied in the North American session. The resistance is seen at 1.1270, the support stands at 1.1200. If the price breaks the level 1.1200 the pair will fall to 1.1200. If this level can hold the pair could recover up to 1.1270.
The pound closed the day in green figures. Traders were able to lead the price from the local low to the 1.3360 level. The current resistance is seen at 1.3360, the support lies at 1.3200. A clear strength above the immediate resistance now seems to pave way for continuation of the pair's upward trajectory towards 1.3450. A strong breakdown and close below 1.3260 could send prices lower towards 1.3200 and 1.3130.
The technical picture presents a slightly bearish tone. The USD/JPY pair was down to pressure the 101.40 region on Monday. The resistance is at 102.50, the support comes in at 101.40. We believe the pair will remain in a consolidation range and will go back and forth between 101.50 and 102.50.
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