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

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


EUR/USD

Current level – 1.1480

The break through 1.1445 high shows, that the consolidation pattern during the last two weeks is already over and the bias is positive, for a rise towards 1.1550, en route to 1.1610. Initial support lies at 1.1445 and crucial on the downside is 1.1380.

Resistance Support
intraday intraweek intraday intraweek
1.1550 1.1550 1.1445 1.1290
1.1610 1.1610 1.1380 1.1020

USD/JPY

Current level – 113.47

The peak at 114.50 has set an end of the whole rise from 108.10 and the outlook is already bearish, for a slide towards 112.80, en route to 111.75. On the senior frames current downtrend should target 108.10 and 106.80.

Resistance Support
intraday intraweek intraday intraweek
114.50 115.50 112.80 111.75
115.40 115.50 111.75 110.20

GBP/USD

Current level – 1.2848

The bias is still bearish, for a tight test of 1.2790 support zone. The latter is expected to provide a reliable base for an upswing towards 1.3050. Minor intraday resistance lies at 1.2860 and crucial on the upside is 1.2920 peak.

Resistance Support
intraday intraweek intraday intraweek
1.2860 1.3050 1.2830 1.2635
1.2920 1.3500 1.2790 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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