Analysis

USD/JPY: Positive outlook, for 112.50

EUR/USD Current level - 1.1574

There is still a chance for one more dip towards 1.1530-10 before renewal of the upmove towards 1.1720 area. An eventual break through 1.1610 peak will signal a direct rise towards 1.1720.

resistance
intraday intraweek
1.1610 1.1835
1.1720 1.2010
support
intraday intraweek
1.1510 1.1300
1.1440 1.1100

 

USD/JPY Current level - 112.03

The support area at 111.65 managed to hold yesterday and my outlook remains positive, for a climb towards 112.50, en route to 113.50 zone.

resistance
intraday intraweek
112.50 114.40
113.50 114.40
support
intraday intraweek
111.65 111.65
111.40 110.40

 

GBP/USD Current level - 1.3165

The intraday bias is slightly positive above 1.3140, but my outlook is counter-trend, for a reversal below 1.3260 and drowning towards 1.3030 area. Crucial on the upside is 1.3260 peak.

resistance
intraday intraweek
1.3180 1.3440
1.3295 1.3440
support
intraday intraweek
1.3030 1.2570
1.2870 1.2570

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