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

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

EUR/USD

Current level – 1.1240

The bias on the lower frames is positive above 1.1210, with a risk of a short-lived climb to 1.1280 hurdle, but the overall outlook remains bearish, for a continuation of the downtrend towards 1.1090.

Resistance Support
intraday intraweek intraday intraweek
1.1250 1.1350 1.1210 1.1100
1.1280 1.1420 1.1010 1.0860

USD/JPY

Current level – 111.19

The intraday bias is slightly positive, for a test of 111.50 resistance area and such a rise should be followed by another leg downwards to 110.10 zone.

Resistance Support
intraday intraweek intraday intraweek
111.40 113.00 110.10 110.20
112.15 114.50 109.60 108.50

GBP/USD

Current level – 1.2997

Allow a brief consolidation pattern above 1.2960 before drowning towards 1.2845 area. Intraday I favor a rebound towards 1.3050 and even 1.3100 before downward leg unfolds.

Resistance Support
intraday intraweek intraday intraweek
1.3050 1.3290 1.2960 1.2800
1.3100 1.3450 1.2845 1.2610

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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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