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


    EUR/USD

    Current level – 1.1933

    The recent rise has been capped at 1.2000 interim resistance, but the pullback is corrective in nature, so my intraday outlook is positive, for a spike towards 1.2070 area. Crucial on the downside is 1.1830 and only a break through that area will challenge 1.1660 and 1.1480.

    Resistance Support
    intraday intraweek intraday intraweek
    1.2000 1.2160 1.1900 1.1830
    1.2070 1.2500 1.1830 1.1660

    USD/JPY

    Current level – 111.31

    The uptrend has been renewed, heading towards 112.80 hurdle. Initial support lies at 110.50. 

    Resistance Support
    intraday intraweek intraday intraweek
    111.00 111.00 110.30 108.12
    112.80 112.80 109.20 107.30

    GBP/USD

    Current level – 1.3550

    The acceleration of the uptrend led to test of 1.3635 resistance area and current pullback should be considered corrective, preceding another leg towards 1.3830 area. Key support is projected at 1.3440. 

    Resistance Support
    intraday intraweek intraday intraweek
    1.3635 1.3635 1.3530 1.3340
    1.3830 1.3830 1.3440 1.3150

    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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