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

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

EUR/USD

Current level – 1.1348

As the pair approaches 1.1330 support, my outlook is already counter-trend against 1.1290 low, for a reversal and another corrective leg towards 1.1450.

Resistance Support
intraday intraweek intraday intraweek
1.1390 1.1630 1.1330 1.1214
1.1440 1.1820 1.1290 1.1100

USD/JPY

Current level – 109.96

The failure at 109.60 signals a completion of the consolidation phase below 110.20 and the outlook is positive, for a new leg upwards, to 111.45.

Resistance Support
intraday intraweek intraday intraweek
110.20 111.45 109.60 106.70
111.45 112.20 109.10 104.60

GBP/USD

Current level – 1.2902

The downtrend is intact, heading towards 1.2800 area. Crucial on the upside is 1.2980 peak.

Resistance Support
intraday intraweek intraday intraweek
1.2930 1.3290 1.2800 1.2800
1.3000 1.3480 1.2800 1.2610

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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