EUR/USD: A break through 1.0700 will target 1.0570 low

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

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