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


EUR/USD

Current level – 1.1275

The pair is still struggling below 1.1300 major resistance and another dip to 1.1205 minor support is possible, before breaking higher, towards 1.1430 mark. An eventual slide below 1.1205 will challenge 1.1108 low.

Profit-taking affects gold curbing silver and platinum

Resistance Support
intraday intraweek intraday intraweek
1.1300 1.1360 1.1205 1.1022
1.1430 1.1610 1.1165 1.0838

USD/JPY

Current level – 119.62

The bias remains bearish below 110.20, for a break through 109.50, towards 108.12 low. Crucial on the upside is 110.70.

Resistance Support
intraday intraweek intraday intraweek
110.20 114.30 109.50 109.40
112.10 115.60 108.12 108.12

GBP/USD

Current level – 1.2944

Despite the positive intraday bias my outlook is counter-trend, for a break through the crucial 1.2850, towards 1.2705.

Resistance Support
intraday intraweek intraday intraweek
1.3050 1.3120 1.2850 1.2770
1.2930 1.3500 1.2770 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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