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

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

EUR/USD

Current level – 1.1478

Keeping in mind, that on the senior frames the whole pattern after 1.1214 low is corrective, I favor a failure here at 1.1500 resistance and a beginning of a substantial slide towards the November lows. Key low lies at 1.1420 and a violation of it will signal a slide for 1.1340, en route to 1.1264.

Resistance Support
intraday intraweek intraday intraweek
1.1500 1.1500 1.1420 1.1340
1.1630 1.1630 1.1340 1.1214

USD/JPY

Current level – 109.29

The downtrend is intact below 110.20 resistance and the pair is heading towards 108.10 zone. Crucial on the upside is 111.45 high.

Resistance Support
intraday intraweek intraday intraweek
110.20 111.45 109.00 108.10
111.45 112.20 108.10 108.10

GBP/USD

Current level – 1.2753

The low liquidity during the end of the holiday led to a brief spike above 1.2710 hurdle, but my outlook is bearish, for a return below the mentioned area and a violation of 1.2615 crucial low will confirm, that the prolonged consolidation pattern after 1.2470 is over.

Resistance Support
intraday intraweek intraday intraweek
1.2810 1.2885 1.2710 1.2615
1.2885 1.3250 1.2615 1.2470

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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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