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

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

EUR/USD

Current level – 1.1575

Yesterday’s peak at 1.1650 could be the finale of the consolidation above 1.1540 and a break through 1.1510 will signal a renewal of the general downtrend, towards 1.1300.

Resistance Support
intraday intraweek intraday intraweek
1.1650 1.1830 1.1510 1.1480
1.1720 1.2060 1.1480 1.1300

USD/JPY

Current level – 109.69

The violation of 109.90 low signals, that the whole upmove since 108.10 is over and the third leg of the prolonged consolidation below 111.40 is underway. My outlook is bearish below 109.90, for a slide towards 109.20, en route to 107.90.

Resistance Support
intraday intraweek intraday intraweek
109.90 111.40 109.20 107.80
110.90 114.40 107.90 106.70

GBP/USD

Current level – 1.3200

The consolidation pattern above 1.3200 seems complete and the outlook is bearish, for a slide towards 1.3040 area.

Resistance Support
intraday intraweek intraday intraweek
1.3300 1.3618 1.3203 1.3210
1.3460 1.3990 1.3110 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.

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