Analysis

USD/JPY: Expect a test of 111.65 area

EUR/USD Current level - 1.1538

The violation of 1.1550 signals a reversal at 1.1430 and the outlook is rather positive above 1.1510, for a rise towards 1.1640.

resistance
intraday intraweek
1.1590 1.1835
1.1640 1.2010
support
intraday intraweek
1.1510 1.1300
1.1440 1.1100

 

USD/JPY Current level - 112.25

The test of 112.40 was successful and the outlook remains negative, for a dip to 111.65 zone. Crucial resistance lies at 112.80.

resistance
intraday intraweek
112.80 114.40
113.50 114.40
support
intraday intraweek
112.00 111.65
111.65 110.40

 

GBP/USD Current level - 1.3186

The rise since 1.2920 low is still intact, heading towards 1.3295 peak. Crucial on the downside is 1.3130 static support.

resistance
intraday intraweek
1.3295 1.3440
1.3295 1.3440
support
intraday intraweek
1.3130 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.