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


    EUR/USD

    Current level – 1.2406

    The sharp reversal at 1.2555 signals a completion of the whole rise from 1.2210 and the bias is bearish, as a break through 1.2390 support will challenge 1.2290 area. Initial resistance lies at 1.2450.

    Resistance Support
    intraday intraweek intraday intraweek

    1.2450

    1.2650

    1.2390

    1.2290

    1.2560

    1.2870

    1.2290

    1.2210

    USD/JPY

    Current level – 106.60

    The reversal at 105.50 signals a completion of the slide since 109.70, but the pair is still struggling below 106.80 interim resistance. My outlook here is neutral.

    Resistance Support
    intraday intraweek intraday intraweek

    106.80

    108.30

    105.40

    105.40

    108.30

    110.40

    103.50

    102.40

    GBP/USD

    Current level – 1.4004

    The recent reversal at 1.4150 signals a negative intraday bias, for a slide towards 1.3920 area. Initial minor resistance lies at 1.4080.

    Resistance Support
    intraday intraweek intraday intraweek

    1.4080

    1.4280

    1.3990

    1.3760

    1.4185

    1.4340

    1.3920

    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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