Contributors Technical Analysis Forex 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

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