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

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


EUR/USD

Current level – 1.2243

Nothing interesting here, as the pair remains caught in a tight range trading below 1.2300 and I favor a dip to 1.2160 before renewal of the general rise beyond 1.2320.

Resistance Support
intraday intraweek intraday intraweek
1.2300 1.2500 1.2217 1.2090
1.2320 1.2500 1.2160 1.1910

USD/JPY

Current level – 110.77

I favor the idea, that current slide after 111.50 is the second part of the consolidation phase above 110.20 and another rise should follow, towards 111.70 zone. A break through 110.20 lows will signal, that the corrective pattern is complete and will provoke a slide towards 109.50.

Resistance Support
intraday intraweek intraday intraweek
111.50 112.00 110.50 109.50
112.00 113.75 110.20 109.50

GBP/USD

Current level – 1.3896

The consolidation pattern is still underway and there is a chance of a dip to 1.3800 area before break beyond 1.3940 peak. The latter will expose 1.4000 sentiment area.

Resistance Support
intraday intraweek intraday intraweek
1.3940 1.4000 1.3800 1.3611
1.3940 1.4340 1.3730 1.3460

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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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