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


    EUR/USD

    Current level – 1.1730

    My outlook here remains bearish, for a break through 1.1687 lows, towards 1.1580. Key intraday resistance lies at 1.1770 and it should cap every attempt for a corrective rebound.

    Resistance Support
    intraday intraweek intraday intraweek
    1.1770 1.1909 1.1680 1.1580
    1.1830 1.2000 1.1580 1.1480

    USD/JPY

    Current level – 110.25

    The recent break through 110.30 resistance confirms the positive outlook, and current minor consolidation pattern above that area is a prelude to a break through 111.10 hurdle, towards 112.20 major resistance.

    Resistance Support
    intraday intraweek intraday intraweek
    111.10 112.20 110.30 108.10
    112.20 114.50 108.80 107.00

    GBP/USD

    Current level – 1.2967

    The downtrend has been confirmed and the bias is bearish below 1.2930, for a slide towards 1.2804, en route to 1.2705 zone.

    Resistance Support
    intraday intraweek intraday intraweek
    1.2930 1.3260 1.2804 1.2804
    1.3050 1.3500 1.2705 1.2480

    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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