EUR/USD: Allow another dip 1.2100 area before advancing towards 1.2500 area
EUR/USD Current level - 1.2272
The reversal at 1.2160 signals a prolonged consolidation pattern and despite the positive intraday bias there is still a chance for a dip to 1.2090 before renewal of the general uptrend towards 1.2500. Key intraday support lies at 1.2217.
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| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 1.2285 | 1.2500 | ||||||||||||||||
| 1.2320 | 1.2500 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 1.2217 | 1.2090 | ||||||||||||||||
| 1.2090 | 1.1910 | ||||||||||||||||
USD/JPY Current level - 110.68
The pullback below 111.00 has neutralized the positive bias and current situation is neutral. Initial resistance lies at 111.20 and a violation of 110.20 low will challenge 109.50 zone.
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| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 111.20 | 112.00 | ||||||||||||||||
| 112.00 | 113.75 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 110.60 | 109.50 | ||||||||||||||||
| 110.20 | 109.50 | ||||||||||||||||
GBP/USD Current level - 1.3917
The consolidation pattern here is still underway and while trading remains capped below 1.3940 peak there will be a chance for another dip to 1.3800 before climbing beyond 1.4000 hurdle.
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| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 1.3940 | 1.4000 | ||||||||||||||||
| 1.3940 | 1.4340 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 1.3800 | 1.3611 | ||||||||||||||||
| 1.33730 | 1.3460 | ||||||||||||||||
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.
