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

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


EUR/USD

Current level – 10669

My outlook here remains bearish below 1.0700 resistance, for a break through 1.0600 support, towards 1.0490 lows.

Profit-taking affects gold curbing silver and platinum

Resistance Support
intraday intraweek intraday intraweek

1.0700

1.0904

1.0600

1.0600

1.0828

1.1010

1.0490

1.0490

USD/JPY

Current level – 110.42

The recent spike to 111.50 sets the finale of the consolidation pattern above 110.16 and I favor a break through that low to initiate a slide towards 108.50 zone.

Resistance Support
intraday intraweek intraday intraweek

111.50

113.50

110.16

109.75

112.26

115.65

108.50

107.80

GBP/USD

Current level – 1.2486

The intraday bias is rather neutral within the tight consolidation range, so allow a short-lived rise above 1.2500, before drowning towards 1.2235 zone

Resistance Support
intraday intraweek intraday intraweek

1.2550

1.2620

1.2375

1.2230

1.2620

1.2705

1.2235

1.2107

DeltaStock Inc.
DeltaStock Inc.http://www.deltastock.com/
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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