EUR/USD: one more test of 1.1268

EUR/USD Current level - 1.1349
Yesterday the pair went up to the 1.1350 zone. The expectations are for a failed test at that level and renewal of the downside move towards 1.1268.
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| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 1.1350 | 1.1450 | ||||||||||||||||
| 1.1400 | 1.1500 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 1.1300 | 1.1210 | ||||||||||||||||
| 1.1260 | 1.0850 | ||||||||||||||||
USD/JPY Current level - 112.55
The trend remains negative after the bounce from 113.70. The expectations are for a decline towards 112.22 and a slight retracement afterwards. If the break of 112.22 is successful the new target would be around 111.75.
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| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 113.65 | 114.50 | ||||||||||||||||
| 114.00 | 116.20 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 112.50 | 112.20 | ||||||||||||||||
| 112.20 | 111.60 | ||||||||||||||||
GBP/USD Current level - 1.2623
We are seeing a slight optimism in the British pound. I expect an advance towards the resistance zone at 1.2690. For the bulls to take over they'll need a successful break of that level. On the contrary this could bring back the pair to the levels around 1.2550 - 1.2500.
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| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 1.2630 | 1.2880 | ||||||||||||||||
| 1.2690 | 1.3030 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 1.2500 | 1.2360 | ||||||||||||||||
| 1.2460 | 1.2140 | ||||||||||||||||
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.




















