Analysis

GBP/USD: Allow an intraday test of 1.2610 before drowning towards 1.2380 mark

Date: 24.02.2017

EUR/USD Current level - 1.0586

The intraday bias is still positive, for a tight test below 1.0630 resistance area. The latter should cap the upside, for another downswing towards 1.0450. Crucial intraday low lies at 1.0535.

resistance
intraday intraweek
1.0602 1.0705
1.0630 1.0870
support
intraday intraweek
1.0535 1.0500
1.0450 1.0350

 

USD/JPY Current level - 112.73

The outlook here is bearish, for a slide towards 111.60 zone. Initial intraday resistance lies at 113.00 and crucial on the upside is 113.30 high.

resistance
intraday intraweek
113.00 118.65
114.95 120.00
support
intraday intraweek
112.50 111.40
111.60 109.80

 

GBP/USD Current level - 1.2548

The bias is positive above 1.2510 minor support, for a test of 1.2610 resistance area. The latter will initiate a slide towards 1.2380 major support.

resistance
intraday intraweek
1.2610 1.2780
1.2705 1.2780
support
intraday intraweek
1.2510 1.2230
1.2380 1.1984

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