EUR/USD Current level - 1.0716

Yesterday's "double top"formation at 1.0777 signals a reversal and the intraday outlook is bearish, for a break through 1.0700 static support, towards 1.0570 low. Crucial resistance lies at 1.0740.

Forex Technical Analysis on EUR/USD

resistance
intraday intraweek
1.0740 1.0828
1.0828 1.0904
support
intraday intraweek
1.0700 1.0600
1.0600 1.0490

 

USD/JPY Current level - 109.26

My intraday outlook is positive above 109.09, for a rise towards 110.10. Crucial on the downside is 108.70.

Forex Technical Analysis on USD/JPY

resistance
intraday intraweek
109.40 113.50
110.10 115.65
support
intraday intraweek
109.09 107.80
108.70 105.80

 

GBP/USD Current level - 1.2808

Still in the consolidation pattern below 1.2904 peak and the intraday outlook is rather bearish, for a break through 1.2770, towards 1.2705 area. 

Forex Technical Analysis on GBP/USD

resistance
intraday intraweek
1.2904 1.3000
1.3000 1.3500
support
intraday intraweek
1.2770 1.2610
1.2705 1.2510

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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