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.
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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.
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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.
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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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Deltastock AD is fully licensed and regulated under MiFID. The company is regulated and authorised by the Financial Supervision Commission (FSC), Bulgaria, Reg. No. RG-03-01
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