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. 

Forex Technical Analysis on EUR/USD

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.

Forex Technical Analysis on USD/JPY

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.

Forex Technical Analysis on GBP/USD

resistance
intraday intraweek
1.2930 1.3290
1.3000 1.3480
support
intraday intraweek
1.2800 1.2800
1.2700 1.2610

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