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

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


EUR/USD

Current level – 1.1636

The rebound after 1.1570 is still underway, with a risk of breaking higher, towards 1.1700-1720 static resistance. The latter should cap the upside and is expected to initiate a start of another sell-off, towards 1.1480 and 1.1300.

Resistance Support
intraday intraweek intraday intraweek
1.1660 1.1840 1.1580 1.1480
1.1720 1.1940 1.1480 1.1300

USD/JPY

Current level – 113.08

The slide through 113.30 low shows, that the negative bias, which originated at 114.50 is still intact, but my outlook is counter-trend, for a reversal above 112.40 and renewal of the rise towards 115.50. Key hurdle lies at 113.50.

Resistance Support
intraday intraweek intraday intraweek
114.50 114.50 113.50 111.00
115.50 115.50 113.05 107.30

GBP/USD

Current level – 1.3208

Yesterday’s violation of 1.3180 minor hurdle shows, that the rise from 1.3067 low is a part of the prolonged consolidation pattern on the daily frame above 1.3020 and the intraday bias is positive, for a break through 1.3220, towards 1.3280, with a risk of another attempt at 1.3340. The mentioned leg from 1.3067 should be considered a prelude to a new sell-off on the senior frames, to 1.2760. Key intraday support lies at 1.3150.

Resistance Support
intraday intraweek intraday intraweek
1.3220 1.3340 1.3150 1.3020
1.3280 1.3650 1.3067 1.2760

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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