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

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

EUR/USD

Current level – 1.1436

The reversal at 1.1485 shows a completion of the rise since 1.1345 low, but the major upmove form 1.1310 is still intact, so the attack of 1.1500 resistance remains on track. Only a break below 1.1415 area will signal a major reversal and beginning of a downward move. A violation of 1.1500 will target 1.1630 zone.

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 – 108.98

Yesterday’s climb above 108.70 resistance signals a positive bias, for a rise towards 110.20 area. Initial intraday support is projected at 108.70, followed by the crucial 108.00.

Resistance Support
intraday intraweek intraday intraweek
109.10 111.45 108.70 106.70
110.20 112.20 108.00 104.60

GBP/USD

Current level – 1.2757

The overall bias is still positive above 1.2710 support area and there is a risk of a rise towards 1.2885 zone. Only a clear break through 1.2710 will signal a reversal and drowning towards 1.2420 lows.

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