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

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

EUR/USD

Current level – 1.1377

The overall situation remains unchanged and the outlook is negative below 1.1430, for a dip to 1.1300 support zone.

Resistance Support
intraday intraweek intraday intraweek
1.1430 1.1835 1.1360 1.1430
1.1550 1.2010 1.1300 1.1300

USD/JPY

Current level – 112.74

The rise after 111.35 low has evolved in an impulsive way and there is a high chance of a more significant reversal at the mentioned local minimum. My outlook is bullish, for a break through 112.80, en route to 113.50. Initial support can be found at 112.20.

Resistance Support
intraday intraweek intraday intraweek
112.80 114.40 112.20 111.65
113.50 114.40 111.35 110.40

GBP/USD

Current level – 1.2801

The structure above 1.2776 is by all means a corrective one and the outlook is bearish, for a continuation towards 1.2660 zone. Key resistance lies at 1.2874.

Resistance Support
intraday intraweek intraday intraweek
1.2870 1.3010 1.2770 1.2660
1.2940 1.3440 1.2660 1.2570

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.

Featured Analysis

Learn Forex Trading