Analysis

USD/JPY: Reversal at 110.10, for 112.20

EUR/USD Current level - 1.1424

Intraday allow a rise towards 1.1480-1510 area before drowning to 1.1300 static support.

resistance
intraday intraweek
1.1480 1.1510
1.1510 1.1750
support
intraday intraweek
1.1360 1.1300
1.1300 1.1100

 

USD/JPY Current level - 110.89

The return above 110.40 has neutralized the bearish outlook and the bias is positive, for a test of 111.20 crucial level. I favor a break through the latter to initiate a rise towards 112.10 peak.

resistance
intraday intraweek
111.20 114.50
112.10 114.50
support
intraday intraweek
110.40 110.10
110.10 109.30

 

GBP/USD Current level - 1.2790

The rebound after 1.2730 is currently set for a test of 1.2850 and if successful, for a spike to 1.2920 area. The general outlook on the senior frames remains bearish, for a slide towards 1.2570.

resistance
intraday intraweek
1.2850 1.2970
1.2920 1.3210
support
intraday intraweek
1.2730 1.2570
1.2630 1.2570

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