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

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


EUR/USD

Current level – 1.1790

My outlook is bearish after the second failure at 1.1880, for a break through 1.1790, towards 1.1660 major support. 

Resistance Support
intraday intraweek intraday intraweek

1.1880

1.1940

1.1790

1.1660

1.1940

1.2030

1.1716

1.1480

USD/JPY

Current level – 111.78

The bias is still bearish, for a tight test of 111.50, with a risk of a dip to 111.00. The latter should provide a reliable base for another upswing towards 114.50 area. Trigger on the upside is 112.25 high.

Resistance Support
intraday intraweek intraday intraweek

112.25

113.80

111.50

111.00

112.80

114.50

111.00

107.30

GBP/USD

Current level – 1.3279

The recent rise has tested precisely 1.3340 hurdle, but the bias is still positive, so there is a risk of another attempt towards the mentioned resistance. An eventual break through that area will challenge 1.3460 zone. Crucial on the downside is 1.3220 and a violation of that zone will signal a slide towards 1.3000 area.

Resistance Support
intraday intraweek intraday intraweek

1.3340

1.3340

1.3220

1.2910

1.3460

1.3650

1.3120

1.2760

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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