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Euro

The EUR/USD pair extended its near-term upward trajectory on Friday. The euro rallied sharply last week and refreshed monthly highs. Buyers pushed the price higher from 1.1077 towards 1.1140. The resistance is seen at 1.1150, the support stands at 1.1100.

As the most probable scenario, we consider further moving upwards towards the level at 1.1150.

07_11_2016_%d0%b5urusd

Pound

GBP/USD was in a buy mode on Friday and closed bullish last week. The pound made an upward move towards 1.2600. However, the sterling failed to reach the level. After testing the mark 1.2550 the price retreated back to 1.2500. The current resistance is seen at 1.2600, the support lies at 1.2500.

We expect the pound to retreat from the current highs. Sellers may drag the pound to 1.2400.

07_11_2016_gbpusd

Yen

The USD/JPY remained confined within a trading range around 103.00. The index went back and forth during the course of the session on Friday. The resistance is at 103.50, the support comes in at 103.00.

A daily close above the level 103.50 will open the way towards the resistance at 104.00. A return below the level 103.00 will put on hold bulls’ plans. In this potential scenario sellers may push the price to 102.50.

07_11_2016_usdjpy

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