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

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

EUR/USD

Current level – 1.1285

The downtrend remains intact below 1.1320 intraday resistance  and a test of 1.1250 lies ahead. I favor a reversal around the latter, for a bounce back towards 1.1450.

Resistance Support
intraday intraweek intraday intraweek
1.1315 1.1570 1.1250 1.1110
1.1410 1.1820 1.1250 1.1010

USD/JPY

Current level – 107.64

The violation of 108.10 support led to a dip to 107.50 and the bias is still bearish, risking a dive towards 106.80. Crucial on the upside is 107.90

Resistance Support
intraday intraweek intraday intraweek
107.90 109.80 107.50 106.70
109.80 112.40 106.70 104.50

GBP/USD

Current level – 1.2580

No sign of a reversal here and the bias remains bearish, focused at 1.2503 low. Crucial on the upside is 1.2660.

Resistance Support
intraday intraweek intraday intraweek
1.2660 1.2890 1.2503 1.2503
1.2810 1.3170 1.2503 1.2420

DeltaStock Inc.
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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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