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

EUR/USD

Current level – 1.1559

My outlook is bearish, for a break through 1.1510 lows, towards 1.1300 area. Initial minor resistance lies at 1.1600, followed by 1.1650.

Resistance Support
intraday intraweek intraday intraweek
1.1600 1.1720 1.1510 1.1480
1.1720 1.1830 1.1480 1.1300

USD/JPY

Current level – 110.67

The violation of 110.30 signals, that the whole slide after 110.90 peak is over and due the fact, that this was the third leg of the major consolidation below 111.40 I am tempted to think, that a new major upmove is on its way, towards 114.50. The intraday bias is positive above 110.30, for a rise towards 111.40 peak.

Resistance Support
intraday intraweek intraday intraweek
110.90 111.40 110.30 107.80
111.40 114.40 109.20 106.70

GBP/USD

Current level – 1.3149

The downtrend remains intact, heading for a test of 1.3040 zone. Crucial on the upside is yesterday’s high at 1.3215.

Resistance Support
intraday intraweek intraday intraweek
1.3200 1.3618 1.3110 1.3040
1.3300 1.3990 1.3040 1.3040

DeltaStock Inc.
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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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