The price bounced from the level 1.1200 on Friday. The EUR/USD approached 1.1250 in the European session where it spent the rest of the day. The pair closed the day in the green figures. The resistance is seen at 1.1270, the support stands at 1.1200.
If the price breaks the level 1.1250 upwards the pair will grow to 1.1300. Alternatively, the EUR/USD will decline towards 1.1200 and 1.1150.
The GBP/USD pair closed the day bearish. Traders pushed the price downwards through the level 1.3000. The price approached 1.2900 where it closed the trading week. The current resistance is seen at 1.3000, the support lies at 1.2900.
The trend is bearish. However, the pair may recover towards the 1.3300 – 1.3340 region. It is a good opportunity to place sell orders there. The next sellers’ target is the level 1.2900.
The USD/JPY was neutral on Friday. The price consolidated in a range between 100.60 and 101.20. The resistance is at 101.40, the support comes in at 100.40.
We believe the pair will remain in a consolidation range and will go back and forth between the current support and resistance.
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