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

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

EUR/USD

Current level – 1.0888

The downtrend remains intact as the pair broke through another important level of support at 1.0910 and is headed towards the next at 1.0810. A retracement towards 1.0910, which should now act as a resistance, is not excluded, but a more bullish picture will be drawn if the price breaks and closes above 1.0966.

Resistance Support
intraday intraweek intraday intraweek
1.0910 1.1070 1.0860 1.0810
1.0966 1.1176 1.0810 1.0717

USD/JPY

Current level – 108.15

positive for a test of the resistance at 108.42. A successful break above this level could push the price towards 108.80. On the downside, first support remains 107.80.

Resistance Support
intraday intraweek intraday intraweek
108.25 108.80 107.82 106.40
108.40 109.50 107.51 105.80

GBP/USD

Current level – 1.2279

After yesterday’s rebound from the support level at the 1.2270-80 zone, the pair is trading just above it. Expectations are that the aforementioned level will be tested again and, if the test proves successful, the downward move should continue towards 1.2230. On the upside, first resistance is at 1.2416.

Resistance Support
intraday intraweek intraday intraweek
1.2380 1.2500 1.2280 1.2100
1.2417 1.2580 1.2200 1.2000

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.

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