HomeContributorsTechnical AnalysisForex Technical Analysis: EUR/USD, USD/JPY, GBP/USD

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

EUR/USD

Current level – 1.1416

The sharp reversal at 1.1340 shows a positive bias, for further appreciation, towards 1.1500 static resistance. Crucial on the downside is 1.1390 low.

Resistance Support
intraday intraweek intraday intraweek
1.1420 1.1500 1.1390 1.1214
1.1500 1.1630 1.1310 1.1100

USD/JPY

Current level – 108.02

My outlook remains bearish below 108.70, for a slide towards 106.70. An eventual violation of 108.70 could trigger a rise towards 110.20.

Resistance Support
intraday intraweek intraday intraweek
108.70 111.45 106.70 106.70
110.20 112.20 104.60 104.60

GBP/USD

Current level – 1.2745

The failure at 1.2615 support led to a renewal of the general rise since 1.2420 low and the intraday outlook is positive, for a continuation towards 1.2885. Initial intraday support lies at 1.2710.

Resistance Support
intraday intraweek intraday intraweek
1.2820 1.2885 1.2710 1.2420
1.2885 1.3250 1.2615 1.2340

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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