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


EUR/USD

Current level – 1.1178

The intraday bias is slightly bearish below 1.1185 minor hurdle, for a slide towards 1.1080 area. Crucial on the upside is 1.1235 and a break through the latter will challenge 1.1300 resistance.

Profit-taking affects gold curbing silver and platinum

Resistance Support
intraday intraweek intraday intraweek
1.1235 1.1300 1.1170 1.1022
1.1267 1.1300 1.1080 1.0838

USD/JPY

Current level – 111.33

The outlook is negative below 111.50, for a slide towards 110.20 low. Initial support lies at 110.85.

Resistance Support
intraday intraweek intraday intraweek
111.50 114.30 110.80 109.40
112.00 115.60 110.20 108.12

GBP/USD

Current level – 1.2833

The downtrend is intact and current rebound should be considered corrective, preceding another leg downwards, to 1.2705 area. Initial intraday resistance lies at 1.2850 and crucial on the upside is 1.2930.

Resistance Support
intraday intraweek intraday intraweek
1.2850 1.3120 1.2770 1.2770
1.2930 1.3500 1.2705 1.2610

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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