GBP/USD: Allow an intraday test of 1.2610 before drowning towards 1.2380 mark
Date: 24.02.2017
EUR/USD Current level - 1.0586
The intraday bias is still positive, for a tight test below 1.0630 resistance area. The latter should cap the upside, for another downswing towards 1.0450. Crucial intraday low lies at 1.0535.
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| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 1.0602 | 1.0705 | ||||||||||||||||
| 1.0630 | 1.0870 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 1.0535 | 1.0500 | ||||||||||||||||
| 1.0450 | 1.0350 | ||||||||||||||||
USD/JPY Current level - 112.73
The outlook here is bearish, for a slide towards 111.60 zone. Initial intraday resistance lies at 113.00 and crucial on the upside is 113.30 high.
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| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 113.00 | 118.65 | ||||||||||||||||
| 114.95 | 120.00 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 112.50 | 111.40 | ||||||||||||||||
| 111.60 | 109.80 | ||||||||||||||||
GBP/USD Current level - 1.2548
The bias is positive above 1.2510 minor support, for a test of 1.2610 resistance area. The latter will initiate a slide towards 1.2380 major support.
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| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 1.2610 | 1.2780 | ||||||||||||||||
| 1.2705 | 1.2780 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 1.2510 | 1.2230 | ||||||||||||||||
| 1.2380 | 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.
