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

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

EUR/USD

Current level – 1.1098

The currency pair is already outside the formed range between 1.1244-1.1167. We also saw a successful breakthrough of the support level at 1.1121. The trend is still negative with next major support at 1.1027. Only a break of the upper level of the range may be considered as a reversal of the trend.

Resistance Support
intraday intraweek intraday intraweek
1.1121 1.1244 1.1020 1.1020
1.1167 1.1300 1.1020 1.0960

USD/JPY

Current level – 106.11

The situation remains unchanged, with a possibility of forming a range between the support level 105.10 and the resistance at 106.70. А breakthrough of 106.70 might lead to a test of the next resistance around 109.00.

Resistance Support
intraday intraweek intraday intraweek
106.75 107.50 105.50 104.46
107.50 108.50 105.00 100.00

GBP/USD

Current level – 1.2086

Once again we may observe the formation of a range after the hesitant and incomplete break of the resistance at 1.2101. A downward movement and test at 1.2016 are possible before retesting the resistance level at 1.2101. In upward direction, the next major support lays around 1.2206.

Resistance Support
intraday intraweek intraday intraweek
1.2100 1.2350 1.2016 1.1980
1.2200 1.2520 1.1980 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.

Featured Analysis

Learn Forex Trading