GBP/USD: Expect a break through 1.2800 to challenge 1.2610 area
EUR/USD Current level - 1.1275
The failure at 1.1350 and the return below 1.1300 static support shows a negative outlook, for a test of 1.1214. A break through November's low will signal a completion of the prolonged consolidation and will challenge 1.1020 area.
|
| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 1.1300 | 1.1630 | ||||||||||||||||
| 1.1400 | 1.1820 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 1.1250 | 1.1214 | ||||||||||||||||
| 1.1214 | 1.1100 | ||||||||||||||||
USD/JPY Current level - 111.03
Still positive, for a tight test of 111.45 and an eventual break will allow a climb towards 112.10. Initial support lies at 110.70 and crucial on the downside is 110.20.
|
| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 111.45 | 111.45 | ||||||||||||||||
| 112.10 | 114.50 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 110.70 | 106.70 | ||||||||||||||||
| 110.20 | 104.60 | ||||||||||||||||
GBP/USD Current level - 1.2863
The sharp pullback after 1.2950 spike shows a bearish bias, for a break through 1.2800, towards 1.2700 zone.
|
| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 1.2930 | 1.3290 | ||||||||||||||||
| 1.3000 | 1.3480 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 1.2800 | 1.2800 | ||||||||||||||||
| 1.2700 | 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.
