GBP/USD: Bearish bias for 1.2610
EUR/USD Current level - 1.1159
The outlook here is bearish below 1.1180 resistance, for a slide through the local low at 1.1132, towards 1.1020 major support.
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resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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intraday |
intraweek | ||||||||||||||||
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1.1180 |
1.1360 | ||||||||||||||||
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1.1300 |
1.1610 | ||||||||||||||||
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support | |||||||||||||||||
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intraday |
intraweek | ||||||||||||||||
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1.1108 |
1.1022 | ||||||||||||||||
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1.1020 |
1.0838 | ||||||||||||||||
USD/JPY Current level - 111.58
The violation of the previous high at 111.40 signals, that the uptrend is renewed, heading for a break through 112.10 area, towards 113.00 zone.
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resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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intraday |
intraweek | ||||||||||||||||
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112.10 |
112.10 | ||||||||||||||||
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113.00 |
114.30 | ||||||||||||||||
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support | |||||||||||||||||
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intraday |
intraweek | ||||||||||||||||
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111.40 |
109.08 | ||||||||||||||||
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109.10 |
108.12 | ||||||||||||||||
GBP/USD Current level - 1.2739
My outlook here remains bearish below 1.2825, for a slide through 1.2634 low, towards 1.2480 support area.
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resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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intraday |
intraweek | ||||||||||||||||
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1.2825 |
1.2970 | ||||||||||||||||
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1.2880 |
1.3050 | ||||||||||||||||
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support | |||||||||||||||||
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intraday |
intraweek | ||||||||||||||||
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1.2685 |
1.2610 | ||||||||||||||||
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1.2610 |
1.2480 | ||||||||||||||||
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.
