Analysis

USDJPY: Still bullish for 111.00, en route to 111.90

EUR/USD Current level - 1.1832

Current rebound after 1.1760 should be considered corrective, preceding another slide towards 1.1720, en route to 1.1480. Initial intraday resistance lies at 1.1870.

resistance

intraday

intraweek

1.1870

1.2060

1.1910

1.2160

support

intraday

intraweek

1.1760

1.1720

1.1720

1.1480

 

USD/JPY Current level - 110.24

My outlook remains bullish after the recent corrective pattern above 110.00, for a rise towards 111.00, en route to 111.90.

resistance

intraday

intraweek

111.00

111.90

111.90

114.40

support

intraday

intraweek

110.00

108.50

109.15

107.90

 

GBP/USD Current level - 1.3558

Despite the positive intraday bias, my outlook is bearish below 1.3615 crucial high, for  a renewal of the downtrend through 1.3160, towards 1.3300.

resistance

intraday

intraweek

1.3615

1.3990

1.3710

1.4100

support

intraday

intraweek

1.3450

1.3460

1.3310

1.3310

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