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

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

EUR/USD

Current level – 1.1164

Тhe pair is preparing for a breakthrough of the resistance at 1.1170. The downward move was shallow and remained limited above the support 1.1140. The bulls are looking confident and a breach of 1.1170 could spur a rally towards the next resistance zone at 1.1240.

Resistance Support
intraday intraweek intraday intraweek
1.1168 1.1240 1.1139 1.1073
1.1240 1.1270 1.1100 1.0960

USD/JPY

Current level – 108.02

After the fake breach of the 108.90 resistance, sellers stepped into the market and the price went straight through the support zone at 108.48. We might see a continuation of the yen appreciation with key support at 107.75.

Resistance Support
intraday intraweek intraday intraweek
108.50 109.20 108.00 107.85
108.90 109.70 107.85 107.00

GBP/USD

Current level – 1.2960

The Cable continues to trade in the range between 1.2780 and 1.30. After the unsuccessful breakthrough at the resistance zone of 1.3000, the price quickly tested the support zone at 1.2780, which further confirms the legitimacy of the range. The pair is likely to find a clear way after a breach of either side of the range.

Resistance Support
intraday intraweek intraday intraweek
1.3000 1.3180 1.2910 1.2780
1.3120 1.3300 1.2840 1.2550

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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