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

    EUR/USD

    Current level – 1.1366

    The pair is struggling above the dynamic support at 1.1330 and I favor a break through the mentioned area to target 1.1214 low. Crucial resistance lies at 1.1415.

    Resistance Support
    intraday intraweek intraday intraweek
    1.1415 1.1630 1.1330 1.1214
    1.1540 1.1820 1.1214 1.1100

    USD/JPY

    Current level – 109.63

    The dip to 109.10 has set the stage for the next upswing, towards 110.20 resistance area. Initial intraday support lies at 109.50.

    Resistance Support
    intraday intraweek intraday intraweek
    109.90 111.45 109.50 106.70
    110.20 112.20 109.10 104.60

    GBP/USD

    Current level – 1.2965

    The violation of 1.2930 has neutralized the bearish bias and although there is still a chance for another downswing while below 1.3000, the overall outlook is positive, for 1.3050.

    Resistance Support
    intraday intraweek intraday intraweek
    1.3000 1.3050 1.2930 1.2420
    1.3050 1.3250 1.2800 1.2340

    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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