TRENDING:

XAU/USD

Silver

GBPUSD: Positive outlook for 1.3050

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.1646

The recent peak at 1.1682 has initiated a minor pullback and the intraday bias is negative, for a test of 1.1617 and even 1.1580 area. Major hurdle lies at 1.1720.

resistance
intraday	intraweek
1.1683	1.1720
1.1720	1.1720

support
intraday	intraweek
1.1580	1.1370
1.1480	1.1290

resistance

intraday

intraweek

1.1683

1.1720

support

intraday

intraweek

1.1580

1.1370

1.1480

1.1290

USD/JPY Current level - 111.06

The downtrend remains absolutely intact and a break through 110.30 support should challenge directly 109.30 dynamic projection. Minor intraday resistance lies at 111.50.

resistance
intraday	intraweek
111.50	114.50
112.80	115.50

support
intraday	intraweek
110.30	110.30
109.30	108.10

resistance

intraday

intraweek

111.50

114.50

112.80

115.50

support

intraday

intraweek

110.30

109.30

108.10

GBP/USD Current level - 1.2991

Despite the slow pace, the bias remains positive, for a test of 1.3050, en route to 1.3130 area. Crucial on the downside is 1.2960 low and an eventual break through the latter will signal a renewal of the dive towards 1.2860.

resistance
intraday	intraweek
1.3050	1.3260
1.3130	1.3500

support
intraday	intraweek
1.2960	1.2810
1.2810	1.2480

resistance

intraday

intraweek

1.3050

1.3260

1.3130

1.3500

support

intraday

intraweek

1.2960

1.2810

1.2480

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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