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 – 1.1558

The bias is still positive, for a tight test of 1.1640 hurdle. An eventual break of the latter will challenge 1.1750 majorr resistance. Initial support lies at 1.1540 and crucial on the downside is 1.1490.

Resistance Support
intraday intraweek intraday intraweek
1.1640 1.1750 1.1540 1.1300
1.1750 1.1750 1.1490 1.1100

USD/JPY

Current level – 110.36

Despite the violation of 110.40 area, the overall outlook remains bearish, for a dip to 109.30 zone. Initial resistance lies at 110.70, followed by 111.40.

Resistance Support
intraday intraweek intraday intraweek
110.70 114.50 109.70 110.10
111.40 114.50 109.30 109.30

GBP/USD

Current level – 1.2874

The uptrend remains intact with the recent break through 1.2840 and the bias is positive, for a rise towards 1.2970. Key support lies at 1.2480 and crucial on the downside is 1.2750.

Resistance Support
intraday intraweek intraday intraweek
1.2930 1.2970 1.2840 1.2570
1.2970 1.3210 1.2750 1.2570

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version