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

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

EUR/USD

Current level – 1.1618

The downtrend is absolutely intact, heading for a break through 1.1570, en route to 1.1480 target area. Initial intraday resistence  lies at 1.1650 and crucial on the upside is 1.1750.

Resistance Support
intraday intraweek intraday intraweek
1.1650 1.2000 1.1570 1.1480
1.1750 1.2160 1.1480 1.1300

USD/JPY

Current level – 108.95

The slide below 109.12 signals a completion of the consolidation pattern above 108.90 and the outlook is bearish, for a slide towards 108.20-107.90 zone. Minor intraday resistance is projected at 109.20 and crucial on the upside is 109.50.

Resistance Support
intraday intraweek intraday intraweek
109.20 111.40 108.20 108.20
110.40 114.40 107.90 107.20

GBP/USD

Current level – 1.3302

The downtrend is intact, ready for a break through 1.3300, towards 1.3040 area. Minor intraday resistance lies at 1.3350, followed by the crucial peak at 1.3421.

Resistance Support
intraday intraweek intraday intraweek
1.3350 1.3990 1.3300 1.3300
1.3421 1.4100 1.3210 1.3040

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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