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

    EUR/USD

    Current level – 1.1528

    The support at 1.1500 is still intact, but I favor a break lower to target  1.1410 area. Major resistance lies at 1.1620.

    Resistance Support
    intraday intraweek intraday intraweek
    1.1630 1.1630 1.1500 1.1214
    1.1630 1.1820 1.1410 1.1100

    USD/JPY

    Current level – 108.27

    The rebound after 107.70 is capped at 108.50 resistance and I favor another downswing, towards 106.70 zone.

    Resistance Support
    intraday intraweek intraday intraweek
    108.50 111.45 106.70 106.70
    109.10 112.20 106.70 104.60

    GBP/USD

    Current level – 1.2757

    My outlook here is bearish, for a test of 1.2710, en route to 1.2620 area.

    Resistance Support
    intraday intraweek intraday intraweek
    1.2810 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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