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

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

EUR/USD

Current level – 1.1373

Attempt to break the resistance at 1.1380, with a possible subsequent test of the critical 1.1415 level before any consolidation or selling pressure back to 1.1300 area, within the third part of the consolidation pattern above 1.1210 low. A break through 1.1210 will clearly state, that the general downtrend has kicked in and a massive sell-off will challenge 1.0850. Starting from 29th of November until 31st of December, the daily analyses will be published by our dealing department.

Resistance Support
intraday intraweek intraday intraweek
1.1415 1.1500 1.1350 1.1100
1.1450 1.1620 1.1260 1.0850

USD/JPY

Current level – 113.38

The uptrend has lost some momentum at the price is at the support level of 113.40, coming close to the next key support at 113.10. Coming closer to the dinamic projection of teh 114.50 and 114.20 peaks creates condtions for a final swing back to 112.60, before breaking beyond 114.50, towards 120.00 sentiment area.

Resistance Support
intraday intraweek intraday intraweek
113.90 114.50 113.70 113.10
114.50 116.20 113.40 112.30

GBP/USD

Current level – 1.2831

Still trading below the 1.2860 resistance, possible re-testing of the 1.2690-1.2700 area. While above 1.2660 lows, I favor a final wave to 1.3040 to complete the prolonged consolidation and the gather steam for a massive slide towards 1.2000 area.

Resistance Support
intraday intraweek intraday intraweek
1.2800 1.3250 1.2760 1.2660
1.2930 1.3440 1.2660 1.2340

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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