484
Analyst

Key optional levels: 30th of May - 5th of June

EUR/USD

The closest resistance levels: 1.1230; 1.1283-1.1309; 1.1361; 1.1415

The closest support levels: 1.1112; 1.1064; 1.0979

The range of upward risks: 1.1230-1.1415

The range of downside risks: 1.1112-1.0979

The European currency keeps suffering the pressure from the bears. The medium-term risks are still biased to the downside. Break down of 1.1112 level (important in terms of risk) will open the way to 1.1064 and 1.0979. An alternative scenario which is going above 1.1230 could be considered as a signal to buy the pair with the target points of 1.1283 and 1.1361

 

GBP/USD

The closest resistance levels: 1.4668; 1.4721; 1.4767; 1.4800

The closest support levels: 1.4566; 1.4469; 1.4418; 1.4336

The range of upward risks: 1.4668-1.5011

The range of downside risks: 1.4566-1.4336

The British pound remains vulnerable for sales this week. In the short term bulls have a chance to resume growth, but in the medium term there is an advantage which is retained on the side of the sellers. Break down of 1.4566 level will create preconditions for a downturn to 1.4469 and 1.4418. Buyingа will be relevant above 1.4668, targets - 1.4721 and 1.4767.

 

USD/JPY

The closest resistance levels: 110.45; 110.79; 111.36; 112.40

The closest support levels: 109.35; 108.54; 108.18; 107.77

The range of upward risks: 110.45-112.40

The range of downside risks: 109.35-107.77

USD/JPY is testing the lowest boundary of Call-band (110.45). There are still risks of quote’s fall; market makers continue to strengthen strikes around 105.00. Moving above 110.45 will create prerequisites for a new wave of growth to 110.79 and 111.36. Selling the pair should be considered below 109.35 level with targets of 108.54 and 108.18.

 

USD/CAD

The closest resistance levels: 1.3063; 1.3120 (?); 1.3180; 1.3257

The closest support levels: 1.2923; 1.2863; 1.2801

The range of upward risks: 1.3063-1.3257

The range of upward risks: 1.2923-1.2729

USD/CAD closed in the neutral range (1.2923-1.3063) and trading above/below which this level would determine the relevant risks. Moving below 1.2923 could be considered as a signal to sell the pair with the target points of 1.2863 and 1.2801. Buyers are activated above 1.3063; player’s targets connected with 1.3120 and 1.3180 levels.

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