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

    EUR/USD

    Current level – 1.2322

    All the trading above 1.2280 seems corrective in nature, so the outlook is bearish below 1.2380, for a slide towards 1.2240, en route to 1.2160.

    Resistance Support
    intraday intraweek intraday intraweek
    1.2380 1.2560 1.2280 1.2160
    1.2380 1.2560 1.2240 1.2090

    USD/JPY

    Current level – 105.96

    Despite the dip through 105.90 I continue to favor the upside and expect a break through 106.10 and the crucial 106.40 to trigger a rise towards 108.00 area.

    Resistance Support
    intraday intraweek intraday intraweek
    106.10 108.30 105.60 105.20
    108.00 110.40 105.20 104.60

    GBP/USD

    Current level – 1..4064

    My outlook remains bearish below 1.4090 resistance, for a slide towards 1.3910 area. Trigger on the downside is 1.4020.

    Resistance Support
    intraday intraweek intraday intraweek
    1.4090 1.4280 1.4020 1.3710
    1.4240 1.4340 1.3910 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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