Analysis

Daily Technical Analysis

EUR/USD Current level - 1.0712

The corrective pattern below 1.0795 peak is still underway, ready for a tight test of 1.0680 support zone. The latter should provide a reliable base for another upswing towards 1.0860 area. Initial intraday support lies at 1.0680, followed by 1.0630.

 

resistance
intraday intraweek
1.0795 1.0865
1.0865 1.0990
support
intraday intraweek
1.0680 1.0680
1.0630 1.0460

 

USD/JPY Current level - 114.31

The bias remains neutral below 114.80 resistance and only a break through the latter will challenge 116.00 weekly hurdle. Key support lies at 112.85.

 

resistance
intraday intraweek
114.85 114.85
114.85 116.00
support
intraday intraweek
113.50 111.40
112.85 109.75

 

GBP/USD Current level - 1.2647

A reversal has been confirmed at 1.2772 peak and the intraday bias is negative, for a test of 1.2560 support area. Initial resistance is projected at 1.2690.

 

resistance
intraday intraweek
1.2690 1.2820
1.2772 1.3130
support
intraday intraweek
1.2560 1.2360
1.2435 1.2280

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