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 – 1.1528

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

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