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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

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.

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