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EUR/USD: Spike expected, to 1.1390

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.1309

The consolidation pattern below 1.1330 signals a positive bias and with the static support at 1.1280 my outlook is bullish, for a rise towards 1.1390. The mentioned rise should be a short-lived one, followed by a drowning towards 1.1175 lows.

resistance
intraday	intraweek
1.1330	1.1450
1.1390	1.1570

support
intraday	intraweek
1.1280	1.1175
1.1240	1.0860

resistance

intraday

intraweek

1.1330

1.1450

1.1390

1.1570

support

intraday

intraweek

1.1280

1.1175

1.1240

1.0860

USD/JPY Current level - 111.85

The intraday outlook is bearish, for a slide towards 111.50 minor support. Key resistance lies at 112.15.

resistance
intraday	intraweek
112.15	113.00
112.15	114.50

support
intraday	intraweek
111.50	108.90
110.50	107.40

resistance

intraday

intraweek

112.15

113.00

112.15

114.50

support

intraday

intraweek

111.50

108.90

110.50

107.40

GBP/USD Current level - 1.3092

Trading remains caught in a tight range between 1.3030 and 1.3120 and my outlook is absolutely neutral.

resistance
intraday	intraweek
1.3120	1.3450
1.3200	1.3450

support
intraday	intraweek
1.2960	1.2820
1.2960	1.2610

resistance

intraday

intraweek

1.3120

1.3450

1.3200

1.3450

support

intraday

intraweek

1.2960

1.2820

1.2960

1.2610

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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