Current level - 1.0877
There is still a risk of an intraday bounce towards 1.0915, but the overall outlook remains bearish, for a slide towards 1.0820, en route to 1.0713. Key resistance lies at 1.0950.
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USD/JPY
Current level - 104.42
The intraday bias is positive above 104.00 and a break through 104.62 high will challenge 105.50 area. Crucial on the downside is 104.13 low.
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GBP/USD
Current level - 1.2221
The slide from 1.2330 resistance has tested the dynamic support at 1.2180 and the intraday outlook is positive, for another upswing towards the mentioned hurdle. Trigger on the upside is 1.2257.
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These analyses are for information purposes only. They DO NOT post a BUY or SELL recommendation for any of the financial instruments herein analyzed. The information is obtained from generally accessible data sources. The forecasts made are based on technical analysis. However, Deltastock’s Analyst Dept. also takes into consideration a number of fundamental and macroeconomic factors, which we believe impact the price moves of the observed instruments. Deltastock Inc. assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person's reliance upon the information on this page. Deltastock Inc. shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation, losses or unrealized gains that may result. Any information is subject to change without notice. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Deltastock AD is fully licensed and regulated under MiFID. The company is regulated and authorised by the Financial Supervision Commission (FSC), Bulgaria, Reg. No. RG-03-01
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