Tue, Dec 06, 2022 @ 23:27 GMT
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Forex Technical Analysis: EUR/USD, USD/JPY, GBP/USD


EUR/USD

Current level – 1.1648

The bias is rather neutral within the consolidation pattern below 1.1683, so allow another dip to 1.1580 area before renewal of the general uptrend beyond 1.1720.

Resistance Support
intraday intraweek intraday intraweek
1.1683 1.1720 1.1580 1.1370
1.1720 1.1720 1.1480 1.1290

USD/JPY

Current level – 111.04

Current rebound above 110.60 should be considered corrective and 111.50 should cap the upside, for another leg downwards, to 110.30 area, en route to 109.30.

Resistance Support
intraday intraweek intraday intraweek
111.50 114.50 110.30 110.30
112.80 115.50 109.30 108.10

GBP/USD

Current level – 1.3022

My outlook remains positive, for a violation of 1.3050 area, towards 1.3090 intraday resistance. The inner structure of the rise from 1.2930 is far from an impulsive one, so one should pay close attention of the dynamic support at 1.2990, as an eventual breach of the later will signal a reversal of the bias.

Resistance Support
intraday intraweek intraday intraweek
1.3050 1.3260 1.2990 1.2810
1.3130 1.3500 1.2810 1.2480

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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