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EURUSD: Final intraday slide before bounce towards 1.1720 area

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.1557

Allow an intraday dip to 1.1510-30 area, followed by a renewal of the senior uptrend, towards 1.1720 area.

resistance
intraday	intraweek
1.1610	1.1835
1.1720	1.2010

support
intraday	intraweek
1.1510	1.1300
1.1440	1.1100

resistance

intraday

intraweek

1.1610

1.1835

1.1720

1.2010

support

intraday

intraweek

1.1510

1.1300

1.1440

1.1100

USD/JPY Current level - 112.21

My outlook is bullish, for a break through 112.50, en route to 113.50 zone.

resistance
intraday	intraweek
112.50	114.40
113.50	114.40

support
intraday	intraweek
111.65	111.65
111.40	110.40

resistance

intraday

intraweek

112.50

114.40

113.50

114.40

support

intraday

intraweek

111.65

111.40

110.40

GBP/USD Current level - 1.3174

Yesterday's peak at 1.3235 has finalized the upmove since 1.3080 low and the intraday bias is bearish, for a slide towards 1.3070. The pullback after 1.3235 should be the final leg of the consolidation pattern and is expected to precede a rise towards 1.3440.

resistance
intraday	intraweek
1.3235	1.3440
1.3295	1.3440

support
intraday	intraweek
1.3030	1.2570
1.2870	1.2570

resistance

intraday

intraweek

1.3235

1.3440

1.3295

1.3440

support

intraday

intraweek

1.3030

1.2570

1.2870

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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