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


    EUR/USD

    Current level – 1.2396

    The intraday bias is negative, for a slide towards 1.2330 major static support and the latter is expected to initiate the next leg upwards, to 1.2800 area.

    Resistance Support
    intraday intraweek intraday intraweek
    1.2450 1.2500 1.2367 1.2330
    1.2540 1.2870 1.2330 1.2220

    USD/JPY

    Current level – 108.89

    Despite the recent low at 108.25, my outlook is positive, for a break through 109.10 area, towards 109.75 zone.

    Resistance Support
    intraday intraweek intraday intraweek
    109.15 110.20 108.25 108.50
    110.20 112.00 108.25 107.30

    GBP/USD

    Current level – 1.4093

    The intraday bias is bearish, for a tight test of 1.4050 support zone. Initial resistance lies at 1.4205.

    Resistance Support
    intraday intraweek intraday intraweek
    1.4205 1.4340 1.4050 1.3940
    1.4340 1.4730 1.4050 1.3730

    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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