HomeContributorsTechnical AnalysisForex Technical Analysis: EUR/USD, USD/JPY, GBP/USD

Forex Technical Analysis: EUR/USD, USD/JPY, GBP/USD


EUR/USD

Current level – 1.1532

The recent reversal at 1.1582 signals a slight bearish bias, for a test of 1.1490 support area. Current slide should be considered corrective on the senior frames, preceding another leg upwards, to 1.1720 area.

Resistance Support
intraday intraweek intraday intraweek
1.1550 1.1610 1.1490 1.1370
1.1610 1.1720 1.1370 1.1290

USD/JPY

Current level – 112.07

The downtrend is intact with an initial resistance at 112.40 and crucial level at 112.80. I favor a break through 111.75, towards 110.30 area.

Resistance Support
intraday intraweek intraday intraweek
112.80 114.50 111.75 111.75
113.50 115.50 110.30 110.20

GBP/USD

Current level – 1.3035

The second test below 1.3130 resistance failed as well and the intraday bias is bearish, for a tight test of 1.2970-80 support zone. Minor intraday hurdle lies at 1.3050.

Resistance Support
intraday intraweek intraday intraweek
1.3050 1.3260 1.3000 1.2810
1.3130 1.3500 1.2970 1.2480

DeltaStock Inc.
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These analyses are for information purposes only. They DO NOT post a BUY or SELL recommendation for any of the financial instruments herein analyzed. The information is obtained from generally accessible data sources. The forecasts made are based on technical analysis. However, Delta Stock’s Analyst Dept. also takes into consideration a number of fundamental and macroeconomic factors, which we believe impact the price moves of the observed instruments. Delta Stock Inc. assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person's reliance upon the information on this page. Delta Stock Inc. shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation, losses or unrealized gains that may result. Any information is subject to change without notice.

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