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

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


EUR/USD

Current level – 1.2272

The reversal at 1.2160 signals a prolonged consolidation pattern and despite the positive intraday bias there is still a chance for a dip to 1.2090 before renewal of the general uptrend towards 1.2500. Key intraday support lies at 1.2217.

Resistance Support
intraday intraweek intraday intraweek
1.2285 1.2500 1.2217 1.2090
1.2320 1.2500 1.2090 1.1910

USD/JPY

Current level – 110.68

The pullback below 111.00 has neutralized the positive bias and current situation is neutral. Initial resistance lies at 111.20 and a violation of 110.20 low will challenge 109.50 zone.

Resistance Support
intraday intraweek intraday intraweek
111.20 112.00 110.60 109.50
112.00 113.75 110.20 109.50

GBP/USD

Current level – 1.3917

The consolidation pattern here is still underway and while trading remains capped below 1.3940 peak there will be a chance for another dip to 1.3800 before climbing beyond 1.4000 hurdle.

Resistance Support
intraday intraweek intraday intraweek
1.3940 1.4000 1.3800 1.3611
1.3940 1.4340 1.33730 1.3460

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