EUR/USD: Bearish below 1.1500, for 1.1410
EUR/USD Current level - 1.1456
The violation of 1.1500 support signals a negative bias, for a test of 1.1410 area. A break through the latter will target 1.1260 zone. Initial intraday resistance lies at 1.1500 and crucial on the upside is 1.1540.
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| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 1.1500 | 1.1630 | ||||||||||||||||
| 1.1630 | 1.1820 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 1.1410 | 1.1214 | ||||||||||||||||
| 1.1260 | 1.1100 | ||||||||||||||||
USD/JPY Current level - 108.14
The outlook is bearish after the recent pullback at 108.50 resistance, for a downswing towards 106.70.
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| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 108.50 | 111.45 | ||||||||||||||||
| 109.10 | 112.20 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 106.70 | 106.70 | ||||||||||||||||
| 106.70 | 104.60 | ||||||||||||||||
GBP/USD Current level - 1.2825
The last attempt at 1.2710 failed as well and the pair broke through the upper boundary at 1.2800, currently targeting 1.28850 resistance area. Intraday support lies at 1.2770 and crucial on the downside is 1.2710.
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| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 1.2885 | 1.2885 | ||||||||||||||||
| 1.2885 | 1.3250 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 1.2710 | 1.2420 | ||||||||||||||||
| 1.2615 | 1.2340 | ||||||||||||||||
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.
