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


    EUR/USD

    Current level – 10651

    The prolonged consolidation pattern below 1.0700 should be considered a prelude to another sell-off, through 1.0600 support, towards 1.0490 mark. Key resistance lies at 1.0700.

    Profit-taking affects gold curbing silver and platinum

    Resistance Support
    intraday intraweek intraday intraweek
    1.0700 1.0904 1.0600 1.0600
    1.0828 1.1010 1.0490 1.0490

    USD/JPY

    Current level – 110.45

    My outlook here remains bearish, for a break through 110.16 low, towards 108.50 area. Key resistance is projected at 111.45

    Resistance Support
    intraday intraweek intraday intraweek
    111.45 113.50 110.16 109.75
    112.26 115.65 108.50 107.80

    GBP/USD

    Current level – 1.2472

    The intraday bias is rather neutral within the tight consolidation range, so my outlook here is neutral.

    Resistance Support
    intraday intraweek intraday intraweek
    1.2550 1.2620 1.2375 1.2230
    1.2620 1.2705 1.2235 1.2107

    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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