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

    EUR/USD

    Current level – 1.1206

    Still bearish below 1.1250 and a rebound above that area is needed in order to confirm failure at 1.1180 support.

    Resistance Support
    intraday intraweek intraday intraweek
    1.1250 1.1570 1.1180 1.1110
    1.1320 1.1820 1.1110 1.1010

    USD/JPY

    Current level – 108.89

    The uptrend is intact heading towards 109.80 hurdle. Crucial on the downside is 108.25 low. Initial intraday support lies at 108.60.

    Resistance Support
    intraday intraweek intraday intraweek
    109.80 109.80 108.25 106.70
    109.80 112.40 107.50 104.50

    GBP/USD

    Current level – 1.2445

    The pair has reached the target area at 1.2440 and there is still no sign of a reversal, so only a violation of the initial resistance  at 1.2480 and mostly at the crucial 1.2540 will signal a completion of the downtrend.

    Resistance Support
    intraday intraweek intraday intraweek
    1.2480 1.2890 1.2440 1.2440
    1.2540 1.3170 1.2440 1.2360

    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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