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 – 1.1532

The recent reversal at 1.1582 signals a slight bearish bias, for a test of 1.1490 support area. Current slide should be considered corrective on the senior frames, preceding another leg upwards, to 1.1720 area.

Resistance Support
intraday intraweek intraday intraweek
1.1550 1.1610 1.1490 1.1370
1.1610 1.1720 1.1370 1.1290

USD/JPY

Current level – 112.07

The downtrend is intact with an initial resistance at 112.40 and crucial level at 112.80. I favor a break through 111.75, towards 110.30 area.

Resistance Support
intraday intraweek intraday intraweek
112.80 114.50 111.75 111.75
113.50 115.50 110.30 110.20

GBP/USD

Current level – 1.3035

The second test below 1.3130 resistance failed as well and the intraday bias is bearish, for a tight test of 1.2970-80 support zone. Minor intraday hurdle lies at 1.3050.

Resistance Support
intraday intraweek intraday intraweek
1.3050 1.3260 1.3000 1.2810
1.3130 1.3500 1.2970 1.2480

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