Analysis

USD/JPY: Positive bias, for 111.45 target zone

EUR/USD Current level - 1.1281

The break below 1.1290 clearly shows a negative bias, for a dip to 1.1214 low. Initial intraday resistance is projected at 1.1300.

resistance
intraday intraweek
1.1300 1.1630
1.1350 1.1820
support
intraday intraweek
1.1214 1.1214
1.1214 1.1100

 

USD/JPY Current level - 110.57

The pair broke through 110.20 hurdle and the outlook remains positive, for a rise towards 111.45 area. Initial support lies at 110.20.

resistance
intraday intraweek
111.45 111.45
112.10 114.50
support
intraday intraweek
110.20 106.70
109.60 104.60

 

GBP/USD Current level - 1.2864

The bias is bearish, for a break through 1.2800, towards 1.2700 area. Initial resistance lies at 1.2890.

resistance
intraday intraweek
1.2890 1.3290
1.3000 1.3480
support
intraday intraweek
1.2800 1.2800
1.2700 1.2610

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.