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 – 1.1448

After the successful break at the 1.1440 level, the expectations are for a test at 1.1533. Key support for the possible rise is 1.1360.

Resistance Support
intraday intraweek intraday intraweek
1.1400 1.1450 1.1310 1.1210
1.1440 1.1500 1.1270 1.0850

USD/JPY

Current level – 112.27

Yesterday’s move was strongly to the downside, driven by the sharp decline in indices. Consecutively, the levels at 112.20, 111.60 and 111.37  were broken, with the price dropping to 200MA on the daily chart. Another test is possible at 110.80 and eventually the psychological level 110.00, from where we expect a rebound towards 111.60 and 112.20. The critical level is 109.77.

Resistance Support
intraday intraweek intraday intraweek
112.65 114.50 112.00 112.20
113.00 116.20 112.00 111.60

GBP/USD

Current level – 1.2654

The trend remains negative and for the bulls to take over they’ll need a successful break of 1.2700 level. On the other hand, this could bring back the pair to the levels around 1.2500.

Resistance Support
intraday intraweek intraday intraweek
1.2650 1.2880 1.2500 1.2360
1.2700 1.3030 1.2460 1.2140

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