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

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

EUR/USD

Current level – 1.1234

The intraday outlook is positive, for a break through 1.1250, towards 1.1330 area. Crucial on the downside is 1.1175 low.

Resistance Support
intraday intraweek intraday intraweek
1.1250 1.1570 1.1175 1.1175
1.1330 1.1830 1.1175 1.0860

USD/JPY

Current level – 111.47

A reversal has been confirmed at 111.80 and the bias is bearish, for a dip to 111.15 area. The latter should provide a reliable base for another upswing towards 112.15 peak.

Resistance Support
intraday intraweek intraday intraweek
112.15 113.00 111.15 108.90
112.15 114.50 110.50 107.40

GBP/USD

Current level – 1.3054

The test of 1.2960 paints a possible reversal and I favor a break through the intraday resistance at 1.3120, en route to 1.3200 crucial hurdle.

Resistance Support
intraday intraweek intraday intraweek
1.3120 1.3450 1.2960 1.2820
1.3260 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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