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

    EUR/USD

    Current level – 1.1027

    The picture remains bearish as the pair is expected to test the minor support at 1.1017 and eventually the important support at 1.0990. If it breaks through the aforementioned levels, a test of 1.0880 remains the most probable scenario. On the upside, the nearest resistance lies at 1.1064.

    Resistance Support
    intraday intraweek intraday intraweek
    1.1070 1.1170 1.1020 1.0950
    1.1100 1.1230 1.0970 1.0880

    USD/JPY

    Current level – 109.10

    After breaking through the support at 109.19, the expectations for the pair are to continue falling with first target the important support at 108.50. On the upside, the nearest support lies at 109.19

    Resistance Support
    intraday intraweek intraday intraweek
    109.20 109.90 108.50 107.40
    109.45 110.60 107.80 106.60

    GBP/USD

    Current level – 1.2854

    The British pound regained positions against the dollar, on positive news regarding the UK’s upcoming general election, and now the pair is preparing to test the resistance at 1.2858. If the sentiment remains positive, the rise should continue towards the next resistance at 1.2914. On the downside, the closest support lies at 1.2808.

    Resistance Support
    intraday intraweek intraday intraweek
    1.2858 1.3000 1.2800 1.2550
    1.2914 1.3180 1.2780 1.2500

    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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