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

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

EUR/USD

Current level – 1.1398

The massive rise through 1.1350 resistance and the violation of 1.1420 high signal a major reversal and the whole slide since 1.1570 peak should be considered complete. The outlook is positive above 1.1360, for another leg upwards, to 1.1570. Crucial on the dowsnide is 1.1290 low.

Resistance Support
intraday intraweek intraday intraweek
1.1450 1.1570 1.1360 1.1175
1.1570 1.1830 1.1290 1.0860

USD/JPY

Current level – 110.28

The impulside break through 111.00 area signals a stong negative bias and after a brief consolidation here, another leg downwards should be expected, toward 108.90.

Resistance Support
intraday intraweek intraday intraweek
111.00 113.00 110.20 110.20
112.15 114.50 108.90 108.50

GBP/USD

Current level – 1.3147

The violation of 1.3190 support risks a deeper drowning, towrads 1.3040 area. Crucial on the upside is 1.3300 and only a return above that area will renew the challenge of 1.3450.

Resistance Support
intraday intraweek intraday intraweek
1.3300 1.3450 1.3040 1.2800
1.3450 1.3450 1.2960 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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