GBP/USD: Bearish for 1.3420
EUR/USD Current level - 1.1933
The rebound above 1.1910 was capped at 1.2000 area, thus confirming the bearish outlook on the senior frames for a slide towards 1.1810 and 1.1720. Intraday there is still a risk of a second leg to 1.2000 before drowning below 1.1910.
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| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 1.1970 | 1.2090 | ||||||||||||||||
| 1.2000 | 1.2240 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 1.1910 | 1.1910 | ||||||||||||||||
| 1.1810 | 1.1715 | ||||||||||||||||
USD/JPY Current level - 111.81
The recent reversal at 111.25 signals a finale of the downtrend from 113.40 and the intraday bias is positive, for a test of 112.00 and even 112.40 area before another attempt at 111.00.
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| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 112.00 | 113.75 | ||||||||||||||||
| 112.40 | 114.70 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 111. | 112.00 | ||||||||||||||||
| 111.00 | 111.00 | ||||||||||||||||
GBP/USD Current level - 1.3478
The rebound after 1.3480 has been a short-lived one and my outlook remains bearish, for a dip to 1.3420. Crucial on the upside is 1.3560.
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| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 1.3560 | 1.3660 | ||||||||||||||||
| 1.3610 | 1.3660 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 1.3430 | 1.3430 | ||||||||||||||||
| 1.3340 | 1.3300 | ||||||||||||||||
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.
