Analysis

EUR/USD: Bearish intraday bias, for a test of 1.1530

EUR/USD Current level - 1.1582

The failure at 1.1650 signals a bearish bias, for a test of  1.1530, en route to 1.1480.

resistance
intraday intraweek
1.1600 1.1730
1.1640 1.1840
support
intraday intraweek
1.1530 1.1300
1.1485 1.1100

 

 

USD/JPY Current level - 111.46

The pair is ready for a test of 111.80 area and I favor a corrective pullback to 111.20 before breaking higher, towards 112.60.

resistance
intraday intraweek
111.80 114.50
112.50 114.50
support
intraday intraweek
111.15 109.30
109.70 109.30

 

 

GBP/USD Current level - 1.3023

The pullback after 1.3080 peak signals a bearish bias, for a continuation downwards, to 1.2870.

resistance
intraday intraweek
1.3080 1.3120
1.3250 1.3250
support
intraday intraweek
1.2960 1.2570
1.2870 1.2570

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.