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 – 1.2268

The second failure at 1.2210 imposes a risk of another rise to 1.2330 resistance, but while the latter holds, the outlook will remain bearish, for a slide towards 1.2160.

Resistance Support
intraday intraweek intraday intraweek
1.2330 1.2540 1.2210 1.2160
1.2405 1.2870 1.2160 1.2090

USD/JPY

Current level – 108.60

The dip below 108.27 signals a negative bias, for another slide towards 107.30. Crucial on the upside is 109.30 high and a violation of the latter will signal a renewal of the consolidation trading.

Resistance Support
intraday intraweek intraday intraweek
109.30 111.90 108.30 108.30
111.50 113.40 108.30 107.30

GBP/USD

Current level – 1.3851

The downtrend is intact, heading towards 1.3620 area. Initial intraday resistance lies at 1.3900 and crucial on the upside is 1.3985 high.

Resistance Support
intraday intraweek intraday intraweek
1.3900 1.4090 1.3730 1.3730
1.3985 1.4174 1.3620 1.3620

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