Daily Technical Analysis
Date: 26.08.2016
Current level - 1.1290
The unsuccessful test of the 1.1360 resistance sets a bearish bias for the EUR/USD next move. We anticipate that the pair will head south to the 1.1230 support and 1.1050 next. First important resistance is the 1.1360-80 zone.
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| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 1.1380 | 1.1380 | ||||||||||||||||
| 1.1430 | 1.1430 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 1.1155 | 1.0950 | ||||||||||||||||
| 1.1040 | 1.0820 | ||||||||||||||||
Current level - 100.46
The negative bias for the USD/JPY is set to continue in the short-term. In case the 99.60-100 support zone proves difficult to overcome, the pair could be pushed back into the 100.50-102.70 trading range.
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| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 101.70 | 103.96 | ||||||||||||||||
| 102.70 | 106.70 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 100.00 | 100.00 | ||||||||||||||||
| 99.20 | 98.90 | ||||||||||||||||
GBP/USD
Current level - 1.3203
After the unsuccessful test of the 1.3160 support, the trend is positive for a test of 1.3370.
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| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 1.3160 | 1.3370 | ||||||||||||||||
| 1.3160 | 1.3290 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 1.2865 | 1.2790 | ||||||||||||||||
| 1.2790 | 1.2500 | ||||||||||||||||
Author
Stoyan Mihaylov
DeltaStock.com
Stoyan Mihaylov, 42 years old, a Financial Analyst at Deltastock Inc, has an sixteen-year background as a senior FX Dealer, trading spot and outright forwards.
