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 – 1.1416

The sharp reversal at 1.1340 shows a positive bias, for further appreciation, towards 1.1500 static resistance. Crucial on the downside is 1.1390 low.

Resistance Support
intraday intraweek intraday intraweek
1.1420 1.1500 1.1390 1.1214
1.1500 1.1630 1.1310 1.1100

USD/JPY

Current level – 108.02

My outlook remains bearish below 108.70, for a slide towards 106.70. An eventual violation of 108.70 could trigger a rise towards 110.20.

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 – 1.2745

The failure at 1.2615 support led to a renewal of the general rise since 1.2420 low and the intraday outlook is positive, for a continuation towards 1.2885. Initial intraday support lies at 1.2710.

Resistance Support
intraday intraweek intraday intraweek
1.2820 1.2885 1.2710 1.2420
1.2885 1.3250 1.2615 1.2340

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