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

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

EUR/USD

Current level – 1.1705

The overall bias remains bearish, for a break through 1.1680, en route to 1.1570 zone. Crucial on the upside is 1.1830 peak and minor intraday resistance lies at 1.1750.

Resistance Support
intraday intraweek intraday intraweek
1.1750 1.2000 1.1680 1.1680
1.1830 1.2160 1.1570 1.1480

USD/JPY

Current level – 109.41

The sell-off since 111.40 peak is over and a corrective pattern is underway, towards 110.30 zone. Initial intraday support lies at 109.30.

Resistance Support
intraday intraweek intraday intraweek
109.80 111.40 109.30 108.30
110.40 114.40 108.90 107.00

GBP/USD

Current level – 1.3353

The rebound after 1.3300 test is pretty weak and the downtrend remains intact, so my outlook is bearish, for a renewal of the slide towards 1.3040 zone. Crucial on the upside is 1.3490 peak.

Resistance Support
intraday intraweek intraday intraweek
1.3460 1.3990 1.3300 1.3300
1.3570 1.4100 1.3210 1.3040

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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