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

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

EUR/USD

Current level – 1.1558

The bias is still positive, for a tight test of 1.1640 hurdle. An eventual break of the latter will challenge 1.1750 majorr resistance. Initial support lies at 1.1540 and crucial on the downside is 1.1490.

Resistance Support
intraday intraweek intraday intraweek
1.1640 1.1750 1.1540 1.1300
1.1750 1.1750 1.1490 1.1100

USD/JPY

Current level – 110.36

Despite the violation of 110.40 area, the overall outlook remains bearish, for a dip to 109.30 zone. Initial resistance lies at 110.70, followed by 111.40.

Resistance Support
intraday intraweek intraday intraweek
110.70 114.50 109.70 110.10
111.40 114.50 109.30 109.30

GBP/USD

Current level – 1.2874

The uptrend remains intact with the recent break through 1.2840 and the bias is positive, for a rise towards 1.2970. Key support lies at 1.2480 and crucial on the downside is 1.2750.

Resistance Support
intraday intraweek intraday intraweek
1.2930 1.2970 1.2840 1.2570
1.2970 1.3210 1.2750 1.2570

DeltaStock Inc.
DeltaStock Inc.http://www.deltastock.com/
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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