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

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

EUR/USD

Current level – 1.1223

The downtrend is intact below 1.1240 minor resistance, but my outlook remains counter-trend, for a reversal above 1.1175 lows and rise back towards 1.1450 area. Trigger on the upside is 1.1285 high.

Resistance Support
intraday intraweek intraday intraweek
1.1240 1.1570 1.1175 1.1175
1.1350 1.1830 1.1175 1.0860

USD/JPY

Current level – 110.79

The pair is struggling below 111.00 resistance and I favor a reversal, for a break through the crucial low at 110.00, en route to 108.90.

Resistance Support
intraday intraweek intraday intraweek
111.00 113.00 110.00 108.90
112.15 114.50 108.90 107.40

GBP/USD

Current level – 1.3028

Yesterday’s break through 1.3150 support led to a substantial slide and the pair is currently heading towards 1.2960 support area. My outlook is already counter-trend against 1.2960, for a reversal and rise back towards 1.3300. Trigger on the upside is 1.3085.

Resistance Support
intraday intraweek intraday intraweek
1.3085 1.3450 1.2960 1.2800
1.3150 1.3450 1.2960 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.

Featured Analysis

Learn Forex Trading