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EUR/USD: The downtrend is on track, heading towards 1.0600

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.0752

The outlook remains bearish, for a slide towards 1.0710, en route to 1.0600 static support. Initial resistance lies at 1.0780, followed by 1.0828.

resistance
intraday	intraweek
1.0780	1.0904
1.0828	1.1010

support
intraday	intraweek
1.0710	1.0710
1.0600	1.0600

resistance

intraday

intraweek

1.0780

1.0904

1.0828

1.1010

support

intraday

intraweek

1.0710

1.0600

USD/JPY Current level - 111.16

Yesterday's precise test of 110.70 support area has failed and the outlook is bullish, for a break through 111.45, towards 112.26 zone.

resistance
intraday	intraweek
111.45	113.50
112.26	115.65

support
intraday	intraweek
110.70	109.75
110.10	107.80

resistance

intraday

intraweek

111.45

113.50

112.26

115.65

support

intraday

intraweek

110.70

109.75

110.10

107.80

GBP/USD Current level - 1.2434

The bias is still negative below 1.2470, for a slide towards 1.2330, en route to 1.2240. Crucial on the upside is 1.2530.

resistance
intraday	intraweek
1.2470	1.2619
1.2619	1.2705

support
intraday	intraweek
1.2335	1.2107
1.2230	1.1984

resistance

intraday

intraweek

1.2470

1.2619

1.2705

support

intraday

intraweek

1.2335

1.2107

1.2230

1.1984

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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