Daily Technical Analysis
EUR/USD Current level - 1.0712
The corrective pattern below 1.0795 peak is still underway, ready for a tight test of 1.0680 support zone. The latter should provide a reliable base for another upswing towards 1.0860 area. Initial intraday support lies at 1.0680, followed by 1.0630.
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| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 1.0795 | 1.0865 | ||||||||||||||||
| 1.0865 | 1.0990 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 1.0680 | 1.0680 | ||||||||||||||||
| 1.0630 | 1.0460 | ||||||||||||||||
USD/JPY Current level - 114.31
The bias remains neutral below 114.80 resistance and only a break through the latter will challenge 116.00 weekly hurdle. Key support lies at 112.85.
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| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 114.85 | 114.85 | ||||||||||||||||
| 114.85 | 116.00 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 113.50 | 111.40 | ||||||||||||||||
| 112.85 | 109.75 | ||||||||||||||||
GBP/USD Current level - 1.2647
A reversal has been confirmed at 1.2772 peak and the intraday bias is negative, for a test of 1.2560 support area. Initial resistance is projected at 1.2690.
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| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 1.2690 | 1.2820 | ||||||||||||||||
| 1.2772 | 1.3130 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 1.2560 | 1.2360 | ||||||||||||||||
| 1.2435 | 1.2280 | ||||||||||||||||
Author
Stoyan Mihaylov
DeltaStock.com
Stoyan Mihaylov, 42 years old, a Financial Analyst at Deltastock Inc, has an sixteen-year background as a senior FX Dealer, trading spot and outright forwards.
