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Forex Technical Analysis


EUR/USD

Current level – 10855

Yesterday’s peak at 1.0904 was followed by a minor reversal and the intraday bias is slightly negative, for a tight test of 1.0820 support area. The latter is still a base for another leg upwards, to 1.0940. Crucial on the downside is 1.0760 and only a violation of that low will signal a major reversal and a bearish bias for 1.0600.

Profit-taking affects gold curbing silver and platinum

Resistance Support
intraday intraweek intraday intraweek
1.0870 1.0940 1.0828 1.0712
1.0940 1.1010 1.0760 1.0600

USD/JPY

Current level – 110.64

Despite yesterday’s rebound above 111.09, the outlook remains bearish below 110.70, for another attempt towards 109.75. Crucial on the upside is 111.45.

Resistance Support
intraday intraweek intraday intraweek
110.75 113.50 109.75 109.75
111.45 115.65 108.50 107.80

GBP/USD

Current level – 1.2547

Current pullback below 1.2620 resistance should be considered corrective, preceding an advance towards 1.2650 area. Intraday support leis at 1.2530 and crucial on the downside is 1.2470.

Resistance Support
intraday intraweek intraday intraweek
1.2570 1.2570 1.2470 1.2107
1.2620 1.2705 1.2335 1.1984

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