Analysis

GBP/USD: Bearish outlook, for 1.2570 zone

EUR/USD Current level - 1.1374

The downtrend is intact, heading towards 1.1300 support area. Minor intraday resistance lies at 1.1420, followed by 1.1510 zone.

resistance
intraday intraweek
1.1420 1.1510
1.1510 1.1750
support
intraday intraweek
1.1360 1.1300
1.1300 1.1100

 

USD/JPY Current level - 110.24

The violation of 110.40 support signals a further decline, towards 109.30 area. Crucial on the upside is 111.20 peak.

resistance
intraday intraweek
110.40 114.50
111.20 114.50
support
intraday intraweek
110.25 110.25
109.30 109.30

 

GBP/USD Current level - 1.2760

My outlook remains bearish, for a slide towards 1.2570 area. Key resistance is projected at 1.2850.

resistance
intraday intraweek
1.2850 1.2970
1.2970 1.3210
support
intraday intraweek
1.2730 1.2570
1.2630 1.2570

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