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

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

EUR/USD

Current level – 1.1645

The intraday bias is still positive above 1.1600, as the pair currently struggled below 1.1670 dynamic resistance. An eventual break through the latter will challenge 1.1720 area. My outlook on the senior frames remains bearish, for a violation of 1.1510 lows, towards 1.1300.

Resistance Support
intraday intraweek intraday intraweek
1.1670 1.1730 1.1600 1.1510
1.1730 1.1830 1.1510 1.1300

USD/JPY

Current level – 110.78

There is still no sign of a reversal and the intraday bias is positive, for a rise towards 111.40 area. Initial support is projected at 110.40, followed by 110.00.

Resistance Support
intraday intraweek intraday intraweek
110.80 111.40 110.40 107.80
111.40 114.40 110.00 106.70

GBP/USD

Current level – 1.3174

The intraday rise should be capped at 1.3200 resistance, for another downswing towards 1.3040. Minor intraday support lies at 1.3120.

Resistance Support
intraday intraweek intraday intraweek
1.3200 1.3618 1.3120 1.3040
1.3310 1.3990 1.3040 1.2770

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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