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

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

EUR/USD

Current level – 1.1563

The sell-off here has reached the important weekly support at 1.1480, but there are still no signs of a reversal and the bias remains bearish below 1.1650, for a continuation towards 1.1300 area. Minor intraday  resistance lies at 1.1600, but only a violation of 1.1645 area will signal, that a bottom is in place.

Resistance Support
intraday intraweek intraday intraweek
1.1650 1.2000 1.1550 1.1480
1.1750 1.2160 1.1480 1.1300

USD/JPY

Current level – 108.71

I expect 109.20 to cap the upside, for another slide towards 107.80-90 major support.

Resistance Support
intraday intraweek intraday intraweek
109.20 111.40 108.20 107.80
110.40 114.40 107.80 106.70

GBP/USD

Current level – 1.3267

My outlook remains bearish below 1.3300 resistance area, for another leg downwards, to 1.3040 zone. Crucial on the upside is 1.3421 peak.

Resistance Support
intraday intraweek intraday intraweek
1.3300 1.3990 1.3200 1.3210
1.3421 1.4100 1.3110 1.3040

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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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