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 – 1.1347

Despite the significant rebound after 1.1210, my outlook remains bearish below 1.1360, for a renewal of the downtrend towards 1.1100 area. Trigger on the downside is 1.1260.

Resistance Support
intraday intraweek intraday intraweek
1.1300 1.1360 1.1250 1.1100
1.1360 1.1500 1.1210 1.0850

USD/JPY

Current level – 113.44

The intraday bias is bearish below 113.70, with a risk of a slide towards 112.50 static support. Key hurdle lies at 114.00 and it should be considered a trigger, for an upmove beyond 114.50.

Resistance Support
intraday intraweek intraday intraweek
113.70 114.50 113.00 111.60
114.50 116.20 112.50 110.40

GBP/USD

Current level – 1.2986

The spike to 1.3080 should be enough for a beginning of a downward wave towards 1.2830, en route to 1.2690.

Resistance Support
intraday intraweek intraday intraweek
1.3040 1.3250 1.2870 1.2660
1.3080 1.3440 1.2830 1.2570

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