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GBP/USD: Bearish outlook, for 1.2570 zone

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.1374

The downtrend is intact, heading towards 1.1300 support area. Minor intraday resistance lies at 1.1420, followed by 1.1510 zone.

resistance
intraday	intraweek
1.1420	1.1510
1.1510	1.1750

support
intraday	intraweek
1.1360	1.1300
1.1300	1.1100

resistance

intraday

intraweek

1.1420

1.1510

1.1750

support

intraday

intraweek

1.1360

1.1300

1.1100

USD/JPY Current level - 110.24

The violation of 110.40 support signals a further decline, towards 109.30 area. Crucial on the upside is 111.20 peak.

resistance
intraday	intraweek
110.40	114.50
111.20	114.50

support
intraday	intraweek
110.25	110.25
109.30	109.30

resistance

intraday

intraweek

110.40

114.50

111.20

114.50

support

intraday

intraweek

110.25

109.30

GBP/USD Current level - 1.2760

My outlook remains bearish, for a slide towards 1.2570 area. Key resistance is projected at 1.2850.

resistance
intraday	intraweek
1.2850	1.2970
1.2970	1.3210

support
intraday	intraweek
1.2730	1.2570
1.2630	1.2570

resistance

intraday

intraweek

1.2850

1.2970

1.3210

support

intraday

intraweek

1.2730

1.2570

1.2630

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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