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

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


EUR/USD

Current level – 10869

The intraday bias remains negative, for a slide towards 1.0770,  en route to 1.0700 support area. Initial intraday resistance lies at 1.0900 and crucial on the upside is 1.0950.

Profit-taking affects gold curbing silver and platinum

Resistance Support
intraday intraweek intraday intraweek
1.0950 1.1020 1.0828 1.0770
1.1020 1.1150 1.0770 1.0676

USD/JPY

Current level – 113.74

The corrective pattern below 114.30 is still underway and my intraday outlook is bearish, for a slide towards 113.00 area. Only a break through 114.30 will signal, that the uptrend is renewed, towards 115.60.

Resistance Support
intraday intraweek intraday intraweek
114.30 113.50 113.00 109.40
115.60 115.60 112.35 108.12

GBP/USD

Current level – 1.2883

Yesterday’s break through 1.2900 has fixed a minor ‘double top’ at 1.2985 and the bias is bearish, for a break through 1.2830, towards 1.2770. Initial intraday resistance lies at 1.2900.

Resistance Support
intraday intraweek intraday intraweek
1.2900 1.3120 1.2830 1.2770
1.3000 1.3500 1.2770 1.2610

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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