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Currency Crosses Pairs Analysis Print E-mail
Technical Analysis Articles | Written by DeltaStock Inc. |

Currency Crosses Pairs Analysis

EUR/GBP

Current level - 0.8392

Longer term bias switched to bearish now that the cross has breached key support in 0.8400 area.

Intraday:  reached the 50% retracement above 0.84 figure and keeping up with the bullish ST trend. Keep riding the trend until there is a first sign of reversal, such as a daily close below 0.8300.

Profit-taking affects gold curbing silver and platinum
Resistance Support
intraday intraweek intraday intraweek
0,8410 0,8410 0,8330 0,8200
0,8450 0,8300 0,8300 0,8100

USD/CAD

Current level - 1.0337

Long term bias for the USD/CAD remains neutral, a solid base is now formed a around parity level.

Intraday:  recently met the 61.8% in 1.0350 target. Resistance now in 1.0350 - 1.0400, look for a downtrend continuation to 1.0250 - 1.0200

Resistance Support
intraday intraweek intraday intraweek
1.0350 1.0690 1.0300 1,0000
1.0400 1.0700 1.0250 0.9900

GBP/JPY

Current level - 132.99

Long term bias remains bearish and breaking through the previous year lows keeps the bears in control of the pair.

Intraday: found resistance in 134.50. Favour the downside for a retest of 131.50/40 area. Well offered below 134.00.

Resistance Support
intraday intraweek intraday intraweek
133.50 144.90 132.50 132.00
134.00 146.00 132.00 131.00

 
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