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

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


EUR/USD

Current level – 1.1659

Still no sign of a reversal and the upmove from 1.1570 is intact, imposing a risk of a brief spike to 1.1720. Trigger on the downside is 1.1600 and a violation of that low will signal, that the expected sell-off is underway, towards 1.1480.

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 – 113.98

My outlook is already bullish, for a break through 114.50, towards 115.50 zone. Initial intraday support lies at 113.50.

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 – 1.3069

The furious sell-off after MPC meeting broke through 1.3220 support, dashing all the way down to 1.3020 lows, thus showing, that a large scale move is underway, towards 1.2760. Current rebound shouldbe considered corrective, preceding a slide towards 1.2910. Initial intraday resistance lies at 1.3080, followed by 1.3150.

Resistance Support
intraday intraweek intraday intraweek
1.3080 1.3220 1.3020 1.3020
1.3150 1.3340 1.2910 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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