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

    EUR/USD

    Current level – 1.2386

    Yesterday’s break through 1.2350 resistance signals a positive bias and the outlook is bullish, for a rise through the 1.2395 peak, towards 1.2470 area, en route to 1.2560 weekly high. Initial support lies at 1.2350.

    Resistance Support
    intraday intraweek intraday intraweek
    1.2395 1.2560 1.2350 1.2160
    1.2470 1.2560 1.2300 1.2090

    USD/JPY

    Current level – 107.00

    The slide from 107.77 is still intact and a break through 106.60 will signal a reversal of the whole rebound above 104.60 and will target the mentioned low. Initial resistance lies at 107.15.

    Resistance Support
    intraday intraweek intraday intraweek
    107.15 108.30 106.60 105.20
    107.80 110.40 105.60 104.60

    GBP/USD

    Current level – 1..4351

    The failure at 1.4217 led to renewal of the uptrend and the pair is currently breaking through 1.4340 hurdle. The bias is positive, for a rise towards 1.4501, en route to 1.4770. Initial support is projected at 1.4295 and crucial on the downside is 1.4230.

    Resistance Support
    intraday intraweek intraday intraweek
    1.4400 1.4501 1.4300 1.4090
    1.4501 1.4770 1.4230 1.3960

    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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