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XAU/USD

Silver

GBP/USD: 1.2860 low should provoke a reversal for 1.3050

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.1205

The downtrend is intact and a break through 1.1170 will challenge 1.1110 low. Crucial on the upside is 1.1240.

resistance
intraday	intraweek
1.1240	1.1330
1.1275	1.1450

support
intraday	intraweek
1.1170	1.1010
1.1110	1.0860

resistance

intraday

intraweek

1.1240

1.1330

1.1275

1.1450

support

intraday

intraweek

1.1170

1.1010

1.1110

1.0860

USD/JPY Current level - 109.67

The support at 109.40 guards the positive intraday bias, for a bounce towards 110.30. The outlook on the senior frames remains neutral.

resistance
intraday	intraweek
110.30	113.20
111.65	114.50

support
intraday	intraweek
109.40	108.50
108.50	107.40

resistance

intraday

intraweek

110.30

113.20

111.65

114.50

support

intraday

intraweek

109.40

108.50

107.40

GBP/USD Current level - 1.2902

The bias is bearish, for a test of 1.2860 low and the latter should provide a reliable base for one more upswing, to 1.3050.

resistance
intraday	intraweek
1.2960	1.3340
1.3050	1.3450

support
intraday	intraweek
1.2860	1.2860
1.2810	1.2610

resistance

intraday

intraweek

1.2960

1.3340

1.3050

1.3450

support

intraday

intraweek

1.2860

1.2810

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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