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 – 1.2250

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 – 110.97

I favor another intraday rise to 111.50 resistance area, before renewal of the general slide towards 109.50. Key intraday support lies at 110.50.

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 – 1.3963

The consolidation pattern below 1.3940 is complete and the uptrend is renewed, currently testing 1.4000 sentiment area. Next target projection lies at 1.4150. Initial intraday support is projected at 1.3940 and crucial on the downside is 1.3830.

Resistance Support
intraday intraweek intraday intraweek
1.4000 1.4000 1.3940 1.3830
1.4150 1.4340 1.3830 1.3611

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