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

    EUR/USD

    Current level – 1.1758

    The recent rise to 1.1830 should be considered corrective and my outlook is bearish, for a slide towards 1.1680, en route to 1.1570 area.

    Resistance Support
    intraday intraweek intraday intraweek
    1.1820 1.2000 1.1680 1.1680
    1.1890 1.2160 1.1480 1.1480

    USD/JPY

    Current level – 110.34

    The intraday bias is bearish below 110.70, for a tight test of 110.00 area. The latter should provoke a rebound towards 110.70.

    Resistance Support
    intraday intraweek intraday intraweek
    110.70 111.90 110.00 110.00
    111.90 114.40 109.15 108.50

    GBP/USD

    Current level – 1.3400

    Yesterday’s rebound to 1.3490 was simply a corrective one and the overall bias remains bearish, for a slide towards 1.3300 area.

    Resistance Support
    intraday intraweek intraday intraweek
    1.3460 1.3990 1.3390 1.3310
    1.3570 1.4100 1.3310 1.3310

    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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