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

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

EUR/USD

Current level – 1.1388

The reversal at 1.1455 signals a completion of the upmove since 1.1300 low and a consolidation pattern is underway, before next leg upwards, to 1.1530. Intraday allow a brief upswing to 1.1420 followed by a dip to 1.1350.

Resistance Support
intraday intraweek intraday intraweek
1.1420 1.1835 1.1350 1.1300
1.1530 1.2010 1.1300 1.1110

USD/JPY

Current level – 113.28

My outlook is rather counter-trend below 113.37, for another dip to 112.60 and even 112.20.

Resistance Support
intraday intraweek intraday intraweek
113.50 114.40 112.60 111.65
114.40 114.40 112.20 110.40

GBP/USD

Current level – 1.3005

The several tests of 1.3040 failed and obviously there is a need of a more significant corrective pattern before continuation towards 1.3250. Allow a slide towards 1.2940 with a risk of extending to 1.2870.

Resistance Support
intraday intraweek intraday intraweek
1.3040 1.3010 1.2940 1.2660
1.3250 1.3440 1.2860 1.2570

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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