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GBP/USD: Bearish below 1.2930, for a tight test of 1.2830 key hurdle

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.1212

The corrective pattern below 1.1270 peak is still underway, so I favor a break through 1.1170 to challenge 1.1080 area. Crucial resistance lies at 1.1300.

resistance
intraday	intraweek
1.1270	1.1300
1.1300	1.1300

support
intraday	intraweek
1.1170	1.1022
1.1080	1.0838

resistance

intraday

intraweek

1.1270

1.1300

support

intraday

intraweek

1.1170

1.1022

1.1080

1.0838

USD/JPY Current level - 111.30

The intraday bias is negative after the second failure at 112.00, for a slide towards 110.80, en route to 110.20.

resistance
intraday	intraweek
112.00	114.30
113.00	115.60

support
intraday	intraweek
110.80	109.40
110.20	108.12

resistance

intraday

intraweek

112.00

114.30

113.00

115.60

support

intraday

intraweek

110.80

109.40

110.20

108.12

GBP/USD Current level - 1.2878

The intraday bias is bearish, for a break through 1.2830, towards 1.2705 zone. Initial resistance lies at 1.2930.

resistance
intraday	intraweek
1.3050	1.3120
1.3120	1.3500

support
intraday	intraweek
1.2900	1.2770
1.2830	1.2610

resistance

intraday

intraweek

1.3050

1.3120

1.3500

support

intraday

intraweek

1.2900

1.2770

1.2830

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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