• EUR/USD 

Current level - 1.2397

Forex Technical Analysis on EUR/USD

The rebound above 1,2040 low and especially the break beyond the crucial static resistance at 1.2325 at the end of July confirm a major reversal and a final of the downtrend from 1.2745. The outlook on the mid time-frames is positive, for a rise towards 1.2740 and later on for 1.2960. From an intraday point of view, the pair is ready for a break through 1.2410 static resistance, with an initial target at 1.2509. First minor support is projected at 1.2346 and key level on the downside is 1.2305-10.

Key Market Levels
MinorIntradayMajorIntraweek
Resistance1.24061.25091.27451.2960
Support1.23061.22201.21301.2040

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  • USD/JPY

Current level - 78.52

Forex Technical Analysis on USD/JPY

Several unsuccessful tests of 78.00 sentiment area have shown, that there is a reliable support above 77.65 low and I consider this to be a bullish signal for a serious rebound towards 80.00-80.60 resistance zone. The intraday outlook is positive as well, supported at 78.32, and the pair is ready for a break through 78.77, towards 79.16 and 80.10.

Key Market Levels
Minor Intraday Major Intraweek
Resistance 78.7779.1680.6081.45
Support 78.3277.9076.5076.00

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  • GBP/USD

Current level - 1.5641

Forex Technical Analysis on GBP/USD

The broad range above 1.5270 low is still underway and the several tests during the previous month have clearly defined a strong static resistance around 1.5780. Current uptrend from 1.5490 is a positive signal on the lower frames for one more test of 1.5780 area. My outlook is bullish above the key support at 1.5600, for a rise towards 1.5780.

Key Market Levels
Minor Intraday Major Intraweek
Resistance 1.56771.57801.57801.6000
Support 1.56001.54901.54021.5270