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

EUR/USD

Current level – 1.1809

There is an intraday risk of a brief rise to 1.1870 and it should finalize the consolidation pattern above 1.1760, hence provoke another leg downwards, to 1.1680. Crucial on the upside is 1.1890 area, as a violation of that zone will neutralize the bearish outlook.

Resistance Support
intraday intraweek intraday intraweek
1.1890 1.2060 1.1760 1.1720
1.2000 1.2160 1.1720 1.1480

USD/JPY

Current level – 110.85

The upmove has reached 111.00 resistance and after brief consolidation above 109.50 a continuation should be expected, towards 111.90 zone.

Resistance Support
intraday intraweek intraday intraweek
111.00 111.90 110.50 110.00
111.90 114.40 110.00 108.50

GBP/USD

Current level – 1.3515

Still bearish here, for a dip towards 1.3300 area. Crucial on the upside is 1.3615 static resistance.

Resistance Support
intraday intraweek intraday intraweek
1.3615 1.3990 1.3450 1.3460
1.3710 1.4100 1.3310 1.3310

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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