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

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

EUR/USD

Current level – 1.1244

The outlook is bearish below 1.1280, for a slide towards 1.1175 lows. A violation of the latter will challenge 1.1020 area.

Resistance Support
intraday intraweek intraday intraweek
1.1330 1.1450 1.1230 1.1175
1.1390 1.1570 1.1175 1.0860

USD/JPY

Current level – 111.84

Today’s dip to 111.60 could be the finale of the consolidation pattern below 112.15 and my outlook is positive, for a break through the mentioned hurdle, towards 113.20 area.

Resistance Support
intraday intraweek intraday intraweek
112.15 113.20 111.50 108.90
113.20 114.50 110.50 107.40

GBP/USD

Current level – 1.2986

I favor a break through 1.2960 static support, towards 1.2800 area. Initial resistance lies at 1.3030 and crucial on the upside is 1.3120 peak.

Resistance Support
intraday intraweek intraday intraweek
1.3030 1.3450 1.2960 1.2820
1.3120 1.3450 1.2960 1.2610

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