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 – 1.2243

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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