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

    EUR/USD

    Current level – 1.1503

    The dovish Fed tone caused a break through 1.1450 hurdle and the intraday bias is positive above that area. Initial major resistance lies at 1.1570 and crucial on the downside is 1.1405 low.

    Resistance Support
    intraday intraweek intraday intraweek
    1.1570 1.1630 1.1450 1.1214
    1.1630 1.1820 1.1390 1.1100

    USD/JPY

    Current level – 108.66

    The pair broke through 109.10 support and the outlook is bearish, for a continuation towards 107.70 zone. Initial resistance lies at 109.10.

    Resistance Support
    intraday intraweek intraday intraweek
    109.10 111.45 108.70 106.70
    110.20 112.20 107.70 104.60

    GBP/USD

    Current level – 1.3137

    Despite the neutral intraday bias, I favor a slide towards 1.3000 area. Crucial on the upside is 1.3200 hurdle.

    Resistance Support
    intraday intraweek intraday intraweek
    1.3135 1.3290 1.3000 1.3000
    1.3290 1.3480 1.2930 1.2800

    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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