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


    EUR/USD

    Current level – 1.2396

    The general bias is still bearish, for a dip to 1.2220 and 1.2160, but there is a minor risk of a break through 1.2435 crucial high, which will provoke another corrective leg to 1.2480 before drowning towards the mentioned projections.

    Resistance Support
    intraday intraweek intraday intraweek
    1.2440 1.2540 1.2330 1.2330
    1.2475 1.2870 1.2220 1.2220

    USD/JPY

    Current level – 109.06

    The recent climb was capped at 109.70 and current slide should be considered corrective, preceding another leg upwards, to 110.50 zone. Crucial on the downside is 108.30 low.

    Resistance Support
    intraday intraweek intraday intraweek
    109.70 111.90 108.30 108.30
    111.50 113.40 108.30 107.30

    GBP/USD

    Current level – 1.3955

    The overall bias remains bearish, for a slide towards 1.3730 and 1.3620 major static support. Key intraday resistance lies at 1.4000 and a violation of the latter will signal another corrective rebound to 1.4175 before drowning towards the mentioned targets.

    Resistance Support
    intraday intraweek intraday intraweek
    1.4000 1.4090 1.3800 1.3730
    1.4090 1.4174 1.3730 1.3620

    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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