HomeContributorsTechnical AnalysisForex Technical Analysis: EUR/USD, USD/JPY, GBP/USD

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


EUR/USD

Current level – 1.1881

Despite the negative bias, my outlook is counter-trend against 1.1830 support, for a reversal and another bounce towards 1.2070.

Resistance Support
intraday intraweek intraday intraweek

1.1950

1.2160

1.1830

1.1830

1.2070

1.2500

1.1830

1.1660

USD/JPY

Current level – 110.42

The bias is still positive as the pair is heading for a tight test of 111.00 resistance area. My outlook is rather counter-trend against 111.00, for a corrective pattern below the mentioned hurdle, before advancing higher. Initial intraday support lies at 110.30 and trigger on the downside is 109.90.

Resistance Support
intraday intraweek intraday intraweek

110.60

110.60

110.30

107.30

111.00

112.20

109.90

105.50

GBP/USD

Current level – 1.3211

The test of 1.3340 resistance has failed and the sell-off broke through 1.3220 support, so the pair is heading for a test of 1.3157 area. Initial intraday resistance lies at 1.3250.

Resistance Support
intraday intraweek intraday intraweek

1.3250

1.3340

1.3157

1.2990

1.3340

1.3500

1.3157

1.2770

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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