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GBP/USD: Bearish bias, for 1.2810 area

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.1211

Yesterday's peak at 1.1260 has finalized the consolidation pattern pattern and the bias is bearish again, for a break through 1.1175 support, en route to 1.1010 target area.

resistance
intraday	intraweek
1.1215	1.1330
1.1260	1.1450

support
intraday	intraweek
1.1175	1.1175
1.1010	1.0860

resistance

intraday

intraweek

1.1215

1.1330

1.1260

1.1450

support

intraday

intraweek

1.1175

1.1010

1.0860

USD/JPY Current level - 111.79

Trading remains calm in the tight range between 111.50 and 112.15 and I continue to favor a break on the upside, for a rise towards 113.20 area.

resistance
intraday	intraweek
112.15	113.20
113.20	114.50

support
intraday	intraweek
111.50	108.90
110.50	107.40

resistance

intraday

intraweek

112.15

113.20

114.50

support

intraday

intraweek

111.50

108.90

110.50

107.40

GBP/USD Current level - 1.2919

The pair finally broke through 1.2960 support area and the outlook is bearish, for a dip to 1.2810 zone. Crucial on the upside is 1.3015 high.

resistance
intraday	intraweek
1.2960	1.3450
1.3015	1.3450

support
intraday	intraweek
1.2900	1.2810
1.2810	1.2610

resistance

intraday

intraweek

1.2960

1.3450

1.3015

1.3450

support

intraday

intraweek

1.2900

1.2810

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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