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

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


EUR/USD

Current level – 10725

The corrective pattern below 1.0736 is expected to dip lower, to 1.0670, before bouncing towards new high, around 1.0750.

Profit-taking affects gold curbing silver and platinum

Resistance Support
intraday intraweek intraday intraweek
1.0775 1.0828 1.0700 1.0600
1.0828 1.0904 1.0600 1.0490

USD/JPY

Current level – 108.88

My intraday outlook here is positive, for another test of 109.40 resistance, en route to 110.10 zone. Key support lies at 108.30.

Resistance Support
intraday intraweek intraday intraweek
109.40 113.50 108.30 107.80
110.10 115.65 107.80 105.80

GBP/USD

Current level – 1.2808

The pullback after 1.2904 is still underway and I favor a break through 1.2770 to provoke a test of 1.2705 support zone.

Resistance Support
intraday intraweek intraday intraweek
1.2904 1.3000 1.2770 1.2610
1.3000 1.3500 1.2705 1.2510

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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