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

    EUR/USD

    Current level – 1.1012

    After yesterday’s fall to 1.0984 the pair is trying to recover and a key resistance for that will be yesterday’s broken support at 1.1016.  If the pair does not manage to stay above 1.1016 a new test of the 1.0984 could be expected.

    Resistance Support
    intraday intraweek intraday intraweek
    1.1060 1.1160 1.1020 1.0930
    1.1160 1.1200 1.0970 1.0850

    USD/JPY

    Current level – 108.01

    The dollar continues to rise against the yen and is ready for a test of the next key resistance at 109-109.20.  First important support is the level around 107.

    Resistance Support
    intraday intraweek intraday intraweek
    108.00 108.80 107.40 106.40
    108.80 109.50 107.00 105.80

    GBP/USD

    Current level – 1.2330

    After the unsuccessful test of the key resistance at 1.2373 the pair is now consolidating, but if it does not manage to stay below the support at 1.23, a new test of the 1.2373 level could be expected.

    Resistance Support
    intraday intraweek intraday intraweek
    1.2360 1.2400 1.2260 1.2170
    1.2400 1.2500 1.2200 1.1970

    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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