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

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

EUR/USD

Current level – 1.1414

The violation of 1.1390 signals a completion of the downtrend since 1.1570 high and the bias is rather positive, with a risk of a rise towards 1.1490. It is still unclear if the rebound above 1.1290 is only a corrective pattern, but an eventual slide below 1.1390, to 1.1330 support will confirm such a scenario.

Resistance Support
intraday intraweek intraday intraweek
1.1450 1.1630 1.1390 1.1214
1.1570 1.1820 1.1330 1.1100

USD/JPY

Current level – 109.34

Current slide below 110.20 resistance should be the final leg of the consolidation pattern above 109.10, before advancing upwards, to 111.45.

Resistance Support
intraday intraweek intraday intraweek
109.90 111.45 109.10 106.70
110.20 112.20 109.10 104.60

GBP/USD

Current level – 1.3179

The uptrend is intact above 1.3135, for a rise towards 1.3290 resistance. Crucial on the downside is 1.3060 low.

Resistance Support
intraday intraweek intraday intraweek
1.3210 1.3290 1.3135 1.3000
1.3290 1.3480 1.3000 1.2800

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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