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

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

EUR/USD

Current level – 1.1341

A possible second test around the 1.1360 zone and if the price breaks up, we can once again see levels above 1.14. If the test to surpass 1.1360 fails, we can expect continuation of the downtrend movement seen on the higher time frames, with first support at 1.1300.

Resistance Support
intraday intraweek intraday intraweek
1.1360 1.1500 1.1300 1.1200
1.1420 1.1620 1.1260 1.0850

USD/JPY

Current level – 113.59

A slow upward price movement after the test of the support 113.20, suggests for a consolidation in the short term. However, if the price breaks up the key support/resistance levels of 112.30 and 114.00 respectively, we can expect a new trend formation for the longer term.

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 – 1.2781

The political tensions around the Brexit deal weigh on the pound. We can see a another test and a possible break down of 1.2730 level. This will clear the way to continue the down move to 1.2200  To witness an alternative scenario the pair must break the key resistance at 1.2860 and afterwards 1.3300.

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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