Sun, Nov 24, 2024 @ 08:47 GMT
Facebook Mail RSS Twitter
HomeContributorsTechnical AnalysisForex Technical Analysis: EUR/USD, USD/JPY, GBP/USD

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

DeltaStock Inc.
By DeltaStock Inc.

EUR/USD

Current level – 10583

The overall bias remains bearish below 1.0610 minor resistance, for a slide towards 1.0490 lows. Crucial on the upside is 1.0668 high.

Profit-taking affects gold curbing silver and platinum

Resistance Support
intraday intraweek intraday intraweek
1.0667 1.0828 1.0568 1.0490
1.0700 1.0904 1.0490 1.0340

USD/JPY

Current level – 110.53

The intraday bias is negative after the reversal at 111.50, but my outlook is counter-trend above 110.10, for another upswing towards 112.00 area. A clear break through 110.10 will signal a renewal of the general downtrend towards 108.50.

Resistance Support
intraday intraweek intraday intraweek
111.50 113.50 110.10 110.10
112.26 115.65 110.10 107.80

GBP/USD

Current level – 1.2413

The intraday bias is slightly positive above 1.2400 and initial resistance lies at 1.2450. Crucial on the upside is 1.2500 area.

Resistance Support
intraday intraweek intraday intraweek
1.2420 1.2620 1.2330 1.2230
1.2500 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.

Featured Analysis

Load more

Learn Forex Trading

ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.

Contact us: contact@actionforex.com

© ActionForex.com © 2024 All rights reserved.