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

    EUR/USD

    Current level – 1.1498

    The test of 1.1440 failed, but the downtrend since 1.1820 is still intact and while the crucial 1.1550 holds, my outlook will be bearish, for a dip to 1.1300 area.

    Resistance Support
    intraday intraweek intraday intraweek
    1.1550 1.1835 1.1440 1.1300
    1.1720 1.2010 1.1300 1.1100

    USD/JPY

    Current level – 112.98

    The downtrend is intact, heading towards 112.40 area. Key hurdle lies at 113.50.

    Resistance Support
    intraday intraweek intraday intraweek
    113.50 114.40 112.40 111.65
    114.40 114.40 112.40 110.40

    GBP/USD

    Current level – 1.3172

    The inner slide to 1.3030 finalized the minor consolidation below 1.3130 and the upmove since 1.2920 has been renewed. Due to the corrective nature of the whole rise from 1.2920, my outlook is counter-trend against 1.3210 resistance , for a new, more substantial slide, towards 1.2870.

    Resistance Support
    intraday intraweek intraday intraweek
    1.3210 1.3440 1.3100 1.2570
    1.3210 1.3440 1.2870 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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