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

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


EUR/USD

Current level – 1.1653

Yesterday’s attempts at 1.1600 support failed and the intraday bias is positive, for a brief rise to 1.1720 hurdle. The latter should set the beginning of a slide towards 1.1480 area.

Resistance Support
intraday intraweek intraday intraweek
1.1660 1.1840 1.1600 1.1480
1.1720 1.1940 1.1480 1.1300

USD/JPY

Current level – 113.89

The consolidation pattern below 114.50 is still underway, with a risk of another slide towards 113.00 area, before breaking towards 115.50. Key resistance lies at 114.50.

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

GBP/USD

Current level – 1.3281

Yesterday’s rise peaked below 1.3340 resistance, but the pullback is not impulsive in nature, so while trading remains above 1.3220 support, there is a risk of another attempt at the mentioned hurdle. On the senior frames the zone around 1.3340 should provoke a renewal of the bearish bias, for 1.3020, en route to 1.2760.

Resistance Support
intraday intraweek intraday intraweek
1.3340 1.3340 1.3220 1.3020
1.3340 1.3440 1.3150 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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