Analysis

GBP/USD: Still bearish, for 1.2800 area

EUR/USD Current level - 1.1348

As the pair approaches 1.1330 support, my outlook is already counter-trend against 1.1290 low, for a reversal and another corrective leg towards 1.1450.

resistance
intraday intraweek
1.1390 1.1630
1.1440 1.1820
support
intraday intraweek
1.1330 1.1214
1.1290 1.1100

 

USD/JPY Current level - 109.96

The failure at 109.60 signals a completion of the consolidation phase below 110.20 and the outlook is positive, for a new leg upwards, to 111.45.

resistance
intraday intraweek
110.20 111.45
111.45 112.20
support
intraday intraweek
109.60 106.70
109.10 104.60

 

GBP/USD Current level - 1.2902

The downtrend is intact, heading towards 1.2800 area. Crucial on the upside is 1.2980 peak.

resistance
intraday intraweek
1.2930 1.3290
1.3000 1.3480
support
intraday intraweek
1.2800 1.2800
1.2800 1.2610

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