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

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

EUR/USD

Current level – 1.1375

The violation of 1.1420 allowed a slide to 1.1310 and the overall outlook is bearish, for a continuation of the slide towards 1.1214 lows. Intraday allow a brief corrective rebound, which is expected to be limited below 1.1420 hurdle.

Resistance Support
intraday intraweek intraday intraweek
1.1420 1.1500 1.1310 1.1214
1.1500 1.1630 1.1214 1.1100

USD/JPY

Current level – 107.78

Last night’s flash crash led to a local low at 104.60 and now the bias is already positive, for a test of 108.70 static resistance. Initial support lies at 106.70.

Resistance Support
intraday intraweek intraday intraweek
108.70 111.45 106.70 106.70
110.20 112.20 104.60 104.60

GBP/USD

Current level – 1.2579

The break through 1.2710 support was followed by a massive sell-off, all the way down to 1.2420. The current rebound is corrective and the intraday bias is positive, for a rise towards 1.2620 area.

Resistance Support
intraday intraweek intraday intraweek
1.2620 1.2885 1.2540 1.2420
1.2710 1.3250 1.2420 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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