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GBP/USD: Allow a dip to 1.2600 area before revisiting 1.2780 peak

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.1366

The static support at 1.1350 continues to hold, but an attempt to 1.1320-1.1280 can not yet be ruled out and such will gather steam for a new rise beyond 1.1450.

resistance
intraday	intraweek
1.1450	1.1570
1.1570	1.1820

support
intraday	intraweek
1.1350	1.1110
1.1250	1.1010

resistance

intraday

intraweek

1.1450

1.1570

1.1820

support

intraday

intraweek

1.1350

1.1110

1.1250

1.1010

USD/JPY Current level - 107.65

The slide after 108.15 peak should be considered corrective, preceding another leg, towards 108.70. Initial intraday support lies at 107.45.

resistance
intraday	intraweek
108.15	109.90
108.70	112.40

support
intraday	intraweek
107.45	106.70
106.70	104.50

resistance

intraday

intraweek

108.15

109.90

108.70

112.40

support

intraday

intraweek

107.45

106.70

104.50

GBP/USD Current level - 1.2661

I favor a slide towards 1.2600 area before return to 1.2810 resistance zone.

resistance
intraday	intraweek
1.2705	1.2890
1.2810	1.3170

support
intraday	intraweek
1.2650	1.2503
1.2600	1.2420

resistance

intraday

intraweek

1.2705

1.2890

1.2810

1.3170

support

intraday

intraweek

1.2650

1.2503

1.2600

1.2420

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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