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


    EUR/USD

    Current level – 1.1637

    Yesterday’s peak below 1.1716 resistance signals a reversal and my outlook is already bearish, for a break through 1.1620, towards 1.1580, en route to 1.1480 support zone. 

    Resistance Support
    intraday intraweek intraday intraweek
    1.1720 1.1720 1.1580 1.1370
    1.1720 1.1720 1.1480 1.1290

    USD/JPY

    Current level – 111.86

    The violation of 111.47 hurdle shows a reversal of the whole downtrend from 114.46 and the bias is positive, for a corrective pattern towards 112.80 resistance. Initial intraday support lies at 111.47.

    Resistance Support
    intraday intraweek intraday intraweek
    112.05 114.50 111.47 110.30
    112.80 115.50 110.30 108.10

    GBP/USD

    Current level – 1.3021

    The recent peak at 1.3082 should be considered a finale of the consolidation rebound above 1.2930 and my outlook is bearish, for a break through 1.3000, towards 1.2860.

    Resistance Support
    intraday intraweek intraday intraweek
    1.3050 1.3260 1.3007 1.2810
    1.3130 1.3500 1.2810 1.2480

    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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