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GBP/USD: Bearish for 1.3010 support area

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.1569

I believe, that current dip is a minor pullback and should be limited above 1.1510, followed by another attempt higher, towards 1.1640. Intraday allow a dip to 1.1510 area.

resistance
intraday	intraweek
1.1640	1.1835
1.1720	1.2010

support
intraday	intraweek
1.1510	1.1300
1.1440	1.1100

resistance

intraday

intraweek

1.1640

1.1835

1.1720

1.2010

support

intraday

intraweek

1.1510

1.1300

1.1440

1.1100

USD/JPY Current level - 111.78

My outlook is counter-trend against 111.65, for a reversal and climb towards 112.50 resistance. An eventual break lower will challenge 110.40.

resistance
intraday	intraweek
112.50	114.40
113.50	114.40

support
intraday	intraweek
111.65	111.65
111.40	110.40

resistance

intraday

intraweek

112.50

114.40

113.50

114.40

support

intraday

intraweek

111.65

111.40

110.40

GBP/USD Current level - 1.3113

A reversal has been confirmed at 1.3260 and the bias is already bearish, for a slide towards 1.3010, en route to 1.2870 area. Key hurdle on the upside is projected at 1.3180.

resistance
intraday	intraweek
1.3180	1.3440
1.3295	1.3440

support
intraday	intraweek
1.3010	1.2570
1.2870	1.2570

resistance

intraday

intraweek

1.3180

1.3440

1.3295

1.3440

support

intraday

intraweek

1.3010

1.2570

1.2870

1.2570

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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