GBP/USD: Bearish below 1.3050 for 1.2810

EUR/USD Current level - 1.1727

The overall outlook remains bearish after the recent low at 1.1687, for a slide towards 1.1580 major support zone. Intraday, there is a risk of a brief spike to 1.1780 area.

Forex Technical Analysis on EUR/USD

resistance
intraday intraweek
1.1780 1.1909
1.1825 1.2000
support
intraday intraweek
1.1650 1.1580
1.1580 1.1480

 

USD/JPY Current level - 109.94

The bias is still bearish below 110.30 minor resistance, for a dive towards 108.80 zone.

Forex Technical Analysis on USD/JPY

resistance
intraday intraweek
110.25 112.20
111.04 114.50
support
intraday intraweek
109.50 108.80
108.80 108.10

 

GBP/USD Current level - 1.2971

The consolidation pattern above 1.2950 is running out of steam, so 1.3050 resistance is expected to cap the upside and to provoke another leg downwards, to 1.2810 area.

Forex Technical Analysis on GBP/USD

resistance
intraday intraweek
1.3050 1.3260
1.3100 1.3500
support
intraday intraweek
1.2930 1.2930
1.2810 1.2810

These analyses are for information purposes only. They DO NOT post a BUY or SELL recommendation for any of the financial instruments herein analyzed. The information is obtained from generally accessible data sources. The forecasts made are based on technical analysis. However, Deltastock’s Analyst Dept. also takes into consideration a number of fundamental and macroeconomic factors, which we believe impact the price moves of the observed instruments. Deltastock Inc. assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person's reliance upon the information on this page. Deltastock Inc. shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation, losses or unrealized gains that may result. Any information is subject to change without notice.