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

    EUR/USD

    Current level – 1.1349

    Yesterday the pair went up to the 1.1350 zone. The expectations are for a failed test at that level and renewal of the downside move towards 1.1268.

    Resistance Support
    intraday intraweek intraday intraweek
    1.1350 1.1450 1.1300 1.1210
    1.1400 1.1500 1.1260 1.0850

    USD/JPY

    Current level – 112.55

    The trend remains negative after the bounce from 113.70. The expectations are for a decline towards 112.22 and a slight retracement afterwards. If the break of 112.22 is successful the new target would be around 111.75.

    Resistance Support
    intraday intraweek intraday intraweek
    113.65 114.50 112.50 112.20
    114.00 116.20 112.20 111.60

    GBP/USD

    Current level – 1.2623

    We are seeing a slight optimism in the British pound. I expect an advance towards the resistance zone at 1.2690. For the bulls to take over they’ll need a successful break of that level. On the contrary this could bring back the pair to the levels around 1.2550 – 1.2500.

    Resistance Support
    intraday intraweek intraday intraweek
    1.2630 1.2880 1.2500 1.2360
    1.2690 1.3030 1.2460 1.2140

    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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