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Forex Technical Analysis


EUR/USD

Current level – 10593

Friday’s rebound above 1.0490 has reached 1.0630 resistance and the intraday bias is already slightly bearish, for a test of 1.0570 support area. Only a break through the latter will signal a renewal of the bearish bias for 1.0450. Crucial on the upside is 1.0680.

Profit-taking affects gold curbing silver and platinum

Resistance Support
intraday intraweek intraday intraweek
1.0630 1.0705 1.0570 1.0450
1.0680 1.0870 1.0490 1.0350

USD/JPY

Current level – 113.79

The intraday bias is negative after the recent peak at 114.75, for a test of 113.37 support. The latter should provide a reliable base for another upswing towards 115.+ area. 

Resistance Support
intraday intraweek intraday intraweek
114.95 118.65 113.37 111.40
115.60 120.00 111.60 109.80

GBP/USD

Current level – 1.2278

The downtrend has been reversed at 1.2212 and the intraday bias is slightly positive, for a corrective rebound before drowning towards 1.2110 area. Initial intraday resistance lies at 1.2325.

Resistance Support
intraday intraweek intraday intraweek
1.2325 1.2570 1.2210 1.2240
1.2400 1.2705 1.2120 1.1984

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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