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

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

EUR/USD

Current level – 1.1003

The new resistance at 1.0996 was breached yesterday. If the breakthrough is confirmed, the pair should head for a test of the zone around 1.1074. If the EUR/USD is not able to keep its momentum, the price could bounce back and test the support at 1.0965.

Resistance Support
intraday intraweek intraday intraweek
1.1074 1.1160 1.0965 1.0930
1.1100 1.1200 1.0930 1.0900

USD/JPY

Current level – 107.27

USD/JPY continues its move to the downside but the important support at 107.09 still holds. In case it is breached, the next target would be the zone around 106.40. On the upside, first resistance is at 107.66.

Resistance Support
intraday intraweek intraday intraweek
108.25 108.80 107.34 106.40
108.80 109.50 107.10 105.80

GBP/USD

Current level – 1.2469

After an unsuccessful test of the resistance at 1.2500 the pair is still holding above 1.2450 and expectations are currently positive – for a new test at 1.2500, which could pave the way towards 1.2570. In case the resistance at 1.2500 holds again, the price could bounce back to the zone around 1.2400.

Resistance Support
intraday intraweek intraday intraweek
1.2500 1.2640 1.2396 1.2265
1.2570 1.2640 1.2265 1.2200

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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