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

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

EUR/USD

Current level – 1.2341

EUR/USD Current level – 1.2341

Yesterday’s slide failed to break through 1.2300 support, but even a dip below the mentioned area will not rule out a rise towards 1.2460.

Resistance Support
intraday intraweek intraday intraweek
1.2350 1.2460 1.2300 1.2160
1.2460 1.2560 1.2240 1.2090

USD/JPY

Current level – 104.85

The slide through 105.20 low signals a completion of the consolidation phase and the outlook is bearish, for a continuation towards 103.40 and 102.50. Initial intraday resistance  lies at 105.20 and crucial on the upside is 106.60.

Resistance Support
intraday intraweek intraday intraweek
105.20 108.30 104.30 104.30
106.60 110.40 103.40 102.50

GBP/USD

Current level – 1.4110

The short-lived spike to 1.4220 could be the finale of the whole rise since 1.3710 low and my outlook is bearish, for a break through 1.4075 support, towards 1.3910.

Resistance Support
intraday intraweek intraday intraweek
1.4220 1.4280 1.4075 1.3710
1.4280 1.4340 1.3910 1.3620

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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