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

    EUR/USD

    Current level – 1.1797

    There is still a chance for a dip to 1.1650 before breaking beyond 1.1830, towards 1.2050. Crucial hurdle lies at 1.1830.

    Resistance Support
    intraday intraweek intraday intraweek
    1.1830 1.1830 1.1790 1.1480
    1.1830 1.2060 1.1710 1.1300

    USD/JPY

    Current level – 110.22

    The intraday bias is positive above 110.10 and I expect a brief rise to 110.70 to put an end of the upmove since 109.18, triggering another sell-off, towards 107.80.

    Resistance Support
    intraday intraweek intraday intraweek
    110.70 111.40 110.10 107.80
    111.40 114.40 109.20 106.70

    GBP/USD

    Current level – 1.3404

    The pattern below 1.3460 is obviously a corrective one, so it precedes an appreciation towards 1.3620 area. One the intraday frames, I favor one more leg downwards, to 1.3290.

    Resistance Support
    intraday intraweek intraday intraweek
    1.3460 1.3618 1.3350 1.3210
    1.3620 1.3990 1.3290 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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