The EUR/USD enjoyed a mixed session through trade on Friday. The price moved downwards the first part of the day. The euro tested the level 1.1100 where it bounced upwards in the North American session. The pair was able to recover to 1.1200 through 1.1150. The resistance is seen at 1.1200, the support stands at 1.1150.
We will consider buying the euro if the price fixates above 1.1200. A daily close below 1.1150 will return sellers in the game.
The pound accelerated its losses on Friday. After a midnight collapse the price dropped below 1.2400 and extended its losses down to 1.1900. The sterling recovered as quickly as it fell. The price grew to the 1.2400 region where it traded till the end of the day. The current resistance is seen at 1.2500, the support exists at 1.2400.
We remain bearish on the outlook for the currency. The GBP/USD is likely to trade sideways on Monday. The quotes may even recover towards 1.2600.
The USD/JPY pair gave up its latest gains and retreated below 103.50. The price closed the day at 102.90, heading towards 102.50. The resistance is at 103.50, the support comes in at 102.50.
If the pair does breaks the level 102.50 downwards the USD/JPY will advance towards the 102.00 region. A daily close above 103.50 will trigger a move towards 104.30.
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