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

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

EUR/USD

Current level – 1.1618

The market is in a consolidation mode due to today’s ECB  meeting and I favor a downswing, towards the lower range boundary at 1.1530.

Resistance Support
intraday intraweek intraday intraweek
1.1650 1.1730 1.1530 1.1300
1.1640 1.1840 1.1485 1.1100

USD/JPY

Current level – 111.46

The reversal below 111.80 led to a corrective leg to 111.15 support and the outlook is bullish, for a violation of the mentioned hurdle, towards 112.60.

Resistance Support
intraday intraweek intraday intraweek
111.80 114.50 111.15 109.30
112.50 114.50 109.70 109.30

GBP/USD

Current level – 1.3040

It is unclear if the bullish bias has been renewed, but I favor another downswing towards 1.2950 before breaking higher, for 1.3250.

Resistance Support
intraday intraweek intraday intraweek
1.3080 1.3120 1.2960 1.2570
1.3250 1.3250 1.2870 1.2570

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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