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

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


EUR/USD

Current level – 10651

The recent break through 1.0630 signals a positive intraday bias, with a risk of a higher test at 1.0700-20 resistance area. Key support on the downside lies at 1.0630 and a violation of the latter will reinstate he negative outlook for 1.0490.

Profit-taking affects gold curbing silver and platinum

Resistance Support
intraday intraweek intraday intraweek
1.0710 1.0828 1.0630 1.0490
1.0828 1.0904 1.0570 1.0340

USD/JPY

Current level – 109.07

The downtrend is intact and there is a possibility of extending the slide towards 107.80 support zone. Initial intraday resistance lies at 1.0930, followed by the major hurdle at 110.10.

Resistance Support
intraday intraweek intraday intraweek
109.30 113.50 108.50 108.50
111.10 115.65 107.80 107.80

GBP/USD

Current level – 1.2560

The bias here is positive above 1.2500 area, with a risk of a further rise towards 1.2620-50 area. 

Resistance Support
intraday intraweek intraday intraweek
1.2620 1.2620 1.2500 1.2365
1.2650 1.2705 1.2450 1.2230

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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