GBP/USD: Still bearish, for 1.2800 area
EUR/USD Current level - 1.1348
As the pair approaches 1.1330 support, my outlook is already counter-trend against 1.1290 low, for a reversal and another corrective leg towards 1.1450.
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| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 1.1390 | 1.1630 | ||||||||||||||||
| 1.1440 | 1.1820 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 1.1330 | 1.1214 | ||||||||||||||||
| 1.1290 | 1.1100 | ||||||||||||||||
USD/JPY Current level - 109.96
The failure at 109.60 signals a completion of the consolidation phase below 110.20 and the outlook is positive, for a new leg upwards, to 111.45.
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| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 110.20 | 111.45 | ||||||||||||||||
| 111.45 | 112.20 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 109.60 | 106.70 | ||||||||||||||||
| 109.10 | 104.60 | ||||||||||||||||
GBP/USD Current level - 1.2902
The downtrend is intact, heading towards 1.2800 area. Crucial on the upside is 1.2980 peak.
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| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 1.2930 | 1.3290 | ||||||||||||||||
| 1.3000 | 1.3480 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 1.2800 | 1.2800 | ||||||||||||||||
| 1.2800 | 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.
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