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

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

EUR/USD

Current level – 1.1208

After the consolidation yesterday, the outlook for the Euro remains positive. Expectations are for a move towards 1.1280 with 1.1130 acting as support.

Resistance Support
intraday intraweek intraday intraweek
1.1280 1.1300 1.1160 1.0960
1.1300 1.1350 1.1130 1.0850

USD/JPY

Current level – 106.08

The price found support around the 105.552 level and the USD/JPY is heading towards the resistance level at 106.21 having its next target at 107.08.

Resistance Support
intraday intraweek intraday intraweek
106.80 108.00 105.50 104.46
107.25 110.00 105.00 100.00

GBP/USD

Current level – 1.2142

The pair is currently consolidating in the range between the major  support level at 1.2086  and the price around 1.2250. If the price breaks above 1.2250, the sentiment should improve and we might see a test of the resistance at 1.2400. If 1.2086 does not hold, a move towards 1.1910 should follow.

Resistance Support
intraday intraweek intraday intraweek
1.2250 1.2350 1.2100 1.1980
1.2250 1.2520 1.2090 1.1900

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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