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Forex Technical Analysis


EUR/USD

Current level – 10565

My outlook is already bearish after the reversal at 1.0618, for a break through 1.0535 low, towards 1.0450 area.

Profit-taking affects gold curbing silver and platinum

Resistance Support
intraday intraweek intraday intraweek
1.0600 1.0705 1.0535 1.0500
1.0630 1.0870 1.0450 1.0350

USD/JPY

Current level – 112.10

The downtrend remains intact, for a tight test of 111.60 support area. The latter should provide a reliable bas for an upswing towards 114.95 zone. Initial intraday resistance lies at 112.53.

Resistance Support
intraday intraweek intraday intraweek
112.53 118.65 111.60 111.40
114.95 120.00 111.60 109.80

GBP/USD

Current level – 1.2425

My outlook here is bearish, for a break through 1.2380 support, towards 1.2240 area. Key resistance lies at 1.2505.

Resistance Support
intraday intraweek intraday intraweek
1.2505 1.2780 1.2380 1.2230
1.2570 1.2780 1.2240 1.1984

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