Wed, Dec 07, 2022 @ 00:28 GMT
HomeContributorsTechnical AnalysisForex Technical Analysis: EUR/USD, USD/JPY, GBP/USD

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

EUR/USD

Current level – 1.1819

The corrective pattern below 1.1830 is over with yesterday’s low at 1.1725 and the bias is positive, for a break through 1.1836, towards 1.2050 zone. The market could remain on hold till ECB rate announcement today and unwind a bullish move afterwards.

Resistance Support
intraday intraweek intraday intraweek
1.1830 1.1830 1.1710 1.1480
1.1900 1.2060 1.1650 1.1300

USD/JPY

Current level – 109.93

The short-lived spike to 110.80 was the final leg of the upmove since 108.10 low and my outlook is bearish, for a slide towards 109.20, en route to 107.90.

Resistance Support
intraday intraweek intraday intraweek
110.70 111.40 109.20 107.80
111.40 114.40 107.80 106.70

GBP/USD

Current level – 1.3405

Yesterday’s dip to 1.3306 should be enough to complete the consolidation pattern below 1.3460 and my outlook is already bullish, for a break through the mentioned hurdle, towards 1.3620 area.

Resistance Support
intraday intraweek intraday intraweek
1.3460 1.3618 1.3290 1.3210
1.3620 1.3990 1.3290 1.3040

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.

Featured Analysis

Learn Forex Trading