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 – 1.1882

The pattern above 1.1830 is corrective in nature and keeping in mind the recent ‘pin bar’on the daily frame (29.08), there is a risk of breaking lower, through 1.1830, towards 1.1660 support. Intraday allow another leg upwards, to 1.1980 resistance zone.

Resistance Support
intraday intraweek intraday intraweek

1.1980

1.2070

1.1830

1.1830

1.2070

1.2160

1.1740

1.1660

USD/JPY

Current level – 109.53

The intraday outlook is negative, for a slide towards 109.00 static support. A violation of the latter will signal another test of 108.10 lows.

Resistance Support
intraday intraweek intraday intraweek

109.80

111.00

109.00

108.10

110.60

112.20

108.10

107.00

GBP/USD

Current level – 1.2954

The bias remains positive, for a rise towards 1.3050 zone. Minor intraday support lies at 1.2930 and crucial on the downside is 1.2900.

Resistance Support
intraday intraweek intraday intraweek

1.3050

1.3157

1.2900

1.2773

1.3157

1.3260

1.2846

1.2606

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