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

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

EUR/USD

Current level – 1.1449

The pair is currently trading in a wide range and price is nearing the upperside. We expect a decline after a test around 1.1500. Break through 1.1350 will be negative targeting 1.1260.

Resistance Support
intraday intraweek intraday intraweek
1.1500 1.1500 1.1350 1.1210
1.1540 1.1600 1.1270 1.0850

USD/JPY

Current level – 110.56

This market remains in a downtrend and we can expect a break of the support 110.30, which will furhter lead the price lower. However, a break up above 111.40, would unlock potential level aroubd 112.20.

Resistance Support
intraday intraweek intraday intraweek
111.40 113.00 110.30 110.00
112.20 114.50 110.00 109.70

GBP/USD

Current level – 1.2665

The pair is in a clear consolidation phase and a big move can be expected if the price breaks either way. In order for the bulls to take over we must see a break of that level. Alternatively if this doesn’t happen, we might see a drop back to the 1.25 zone.

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

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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