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 – 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

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