EUR/USD: Bearish below 1.1510, for 1.1300 area
EUR/USD Current level - 1.1450
The slide through 1.1509 shows, that the prolonged consolidation since the end of May is over and the outlook is bearish, for a dip to 1.1300 area. Initial hurdle lies at 1.1510.
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| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 1.1510 | 1.1750 | ||||||||||||||||
| 1.1640 | 1.1830 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 1.1430 | 1.1300 | ||||||||||||||||
| 1.1300 | 1.1300 | ||||||||||||||||
USD/JPY Current level - 110.87
The downtrend is still intact, but a break through 111.20 will signal a reversal for 113.20.
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| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 111.20 | 114.50 | ||||||||||||||||
| 113.20 | 114.50 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 110.25 | 110.25 | ||||||||||||||||
| 110.25 | 109.30 | ||||||||||||||||
GBP/USD Current level - 1.2745
The downtrend is intact, heading towards 1.2570-2620 area. Initial resistance lies at 1.2770, followed by the crucial one at 1.2850.
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| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 1.2770 | 1.2970 | ||||||||||||||||
| 1.2850 | 1.3210 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 1.2730 | 1.2570 | ||||||||||||||||
| 1.2630 | 1.2570 | ||||||||||||||||
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.
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