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

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

EUR/USD

Current level – 1.1922

The reversal below 1.2000 marks the finale of the first leg after 1.1820 and I expect 1.1870 to limit the downside, for another upswing, towards 1.2060 area.

Resistance Support
intraday intraweek intraday intraweek
1.2000 1.2060 1.1870 1.1840
1.2060 1.2160 1.1840 1.1720

USD/JPY

Current level – 109.92

The violation of 109.60 led to a new test of 110.00 area and an eventual break here will unleash a move towards 111.90. While 110.00 hurdle is intact, the outlook will be bearish, for a continuation of the consolidation pattern towards 108.50.

Resistance Support
intraday intraweek intraday intraweek
110.00 110.20 108.50 107.90
110.20 111.90 108.50 104.60

GBP/USD

Current level – 1.3546

The upmove since 1.3460 low is already over with yesterday’s peak at 1.3607, so intraday allow a dip to 1.3500 area, before another leg upwards, to 1.3710. Minor intraday  resistance lies at 1.3575.

Resistance Support
intraday intraweek intraday intraweek
1.3575 1.3990 1.3460 1.3460
1.3710 1.4100 1.3310 1.3310

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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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