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EUR/USD: The reversal at 1.1255 will target 1.1400 area

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.1331

The rebound after 1.1255 low clearly states, that the downtrend since 1.1513 high is over and my outlook here is already positive above 1.1300, for a rise towards 1.1400 area.

resistance
intraday	intraweek
1.1350	1.1630
1.1400	1.1820

support
intraday	intraweek
1.1300	1.1214
1.1255	1.1100

resistance

intraday

intraweek

1.1350

1.1630

1.1400

1.1820

support

intraday

intraweek

1.1300

1.1214

1.1255

1.1100

USD/JPY Current level - 110.61

The uptrend is intact, heading towards 111.45 resistance. Major support is projected at 110.20.

resistance
intraday	intraweek
111.45	111.45
112.10	114.50

support
intraday	intraweek
110.20	106.70
109.60	104.60

resistance

intraday

intraweek

111.45

112.10

114.50

support

intraday

intraweek

110.20

106.70

109.60

104.60

GBP/USD Current level - 1.2911

The reversal at 1.2830 has neutralized the bearish bias and my outlook here is neutral below 1.2930 resistance.

resistance
intraday	intraweek
1.2930	1.3290
1.3000	1.3480

support
intraday	intraweek
1.2800	1.2800
1.2700	1.2610

resistance

intraday

intraweek

1.2930

1.3290

1.3000

1.3480

support

intraday

intraweek

1.2800

1.2700

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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