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


EUR/USD

Current level – 1.1900

Still in the consolidation pattern above 1.1830 and there is a chance for one more upswing towards 1.1980 before breaking lower, towards 1.1660.

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 – 109.40

The downtrend is intact, heading for a tight test of 109.00 support area. Crucial on the upside is 109.80 peak and a violation of that high will signal a reversal of the slide form 110.60.

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 – 1.2928

Despite the bearish intraday bias, my outlook is counter-trend, for a reversal above 1.2880, towards 1.3050 hurdle. Trigger on the upside lies at 1.2960.

Resistance Support
intraday intraweek intraday intraweek
1.2960 1.3157 1.2900 1.2773
1.3050 1.3260 1.2846 1.2606

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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