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

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


EUR/USD

Current level – 1.1169

The rebound above 1.1110 seems corrective in nature, so the overall bias remains bearish, for a slide towards 1.1020 area. Crucial on the upside is 1.1210.

Profit-taking affects gold curbing silver and platinum

Resistance Support
intraday intraweek intraday intraweek

1.1180

1.1360

1.1108

1.1020

1.1210

1.1610

1.1020

1.0838

USD/JPY

Current level – 111.10

Yesterday’s second test of 111.80 failed as well and the outlook is bearish, for a dip towards 110.30 area. Minor intraday resistance lies at 111.20.

Resistance Support
intraday intraweek intraday intraweek

111.80

112.10

110.30

109.08

112.10

114.30

110.30

108.12

GBP/USD

Current level – 1.2670

The reversal at 1.2580 signals a finale of the downtrend from 1.2810, but the slide on the senior frames is still intact, so my outlook is bearish, for a slide towards 1.2480 area. Initial intraday resistance lies at 1.2720, followed by the crucial 1.2825.

Resistance Support
intraday intraweek intraday intraweek

1.2720

1.2970

1.2634

1.2480

1.2825

1.3050

1.2580

1.2480

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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