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

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


EUR/USD

Current level – 1.2466

The short-lived spike to 1.2537 was followed by a massive sell-off to 1.2360 and my outlook is bearish again below 1.2540, for another leg towards 1.2330.

Resistance Support
intraday intraweek intraday intraweek
1.2500 1.2500 1.2440 1.2330
1.2540 1.2870 1.2330 1.2220

USD/JPY

Current level – 108.96

A reversal has been confirmed at 108.50 and the bias is positive, for a break through the initial hurdle at 109.15, towards 110.20 resistance area.

Resistance Support
intraday intraweek intraday intraweek
109.15 110.20 108.50 108.50
110.20 112.00 108.50 107.30

GBP/USD

Current level – 1.4228

Yesterday’s second test of 1.4340 failed as well and the massive sell-off signals a broader consolidation pattern before renewal of the uptrend towards 1.4730. Intraday I favor a reversal of the rise from 1.4080 and another slide towards 1.4050 static support. Minor intraday support lies at 1.4190.

Resistance Support
intraday intraweek intraday intraweek
1.4340 1.4340 1.4190 1.3940
1.4340 1.4730 1.4050 1.3730

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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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