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

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


EUR/USD

Current level – 10995

The uptrend here is intact, heading for a test of 1.1022 peak. A break through the latter is likely and it will challenge 1.1080 zone. Initial intraday support lies at 1.0950.

Profit-taking affects gold curbing silver and platinum

Resistance Support
intraday intraweek intraday intraweek
1.1022 1.1130 1.0950 1.0770
1.1080 1.1300 1.0838 1.0676

USD/JPY

Current level – 113.44

The corrective pattern above 113.00 signals a bearish outlook and I favor a break through the mentioned support to initiate a slide towards 112.00 area. Initial intraday resistance lies at 113.90.

Resistance Support
intraday intraweek intraday intraweek
113.90 113.50 113.00 109.40
115.60 115.60 112.35 108.12

GBP/USD

Current level – 1.2912

Still no trend dynamics here, so the intraday is absolutely neutral. Key support lies at 1.2830.

Resistance Support
intraday intraweek intraday intraweek
1.2950 1.3120 1.2830 1.2770
1.3000 1.3500 1.2770 1.2610

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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.

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