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Forex Technical Analysis

DeltaStock Inc.
By DeltaStock Inc.

EUR/USD

Current level – 10721

Yesterday’s impulsive rise broke through 1.0660 resistance and 1.0712 peak and the today’s bias is positive above 1.0710 area. My outlook is counter-trend, for a break through 1.0712, towards 1.0650 and 1.0600 low later on.

Profit-taking affects gold curbing silver and platinum

Resistance Support
intraday intraweek intraday intraweek
1.0750 1.0828 1.0600 1.0450
1.0828 1.0870 1.0493 1.0350

USD/JPY

Current level – 113.15

The recent break through 114.50 led to a fast sell-off all the way down to 112.90 support area. I favor a reversal and a break through 113.50 will signal a rebound towards 114.50.

Resistance Support
intraday intraweek intraday intraweek
113.50 115.65 112.90 111.60
114.50 118.65 111.60 110.30

GBP/USD

Current level – 1.2270

The pair has reached the resistance area at 1.2300 and my outlook is already bearish, for a break through 1.2250, towards 1.2175.

Resistance Support
intraday intraweek intraday intraweek
1.2300 1.2397 1.2250 1.2107
1.2350 1.2570 1.2175 1.1984

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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