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.

EUR/USD

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.

USD/JPY

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.

GBP/USD

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

These analyses are for information purposes only. They DO NOT post a BUY or SELL recommendation for any of the financial instruments herein analyzed. The information is obtained from generally accessible data sources. The forecasts made are based on technical analysis. However, Deltastock’s Analyst Dept. also takes into consideration a number of fundamental and macroeconomic factors, which we believe impact the price moves of the observed instruments. Deltastock Inc. assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person's reliance upon the information on this page. Deltastock Inc. shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation, losses or unrealized gains that may result. Any information is subject to change without notice. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Deltastock AD is fully licensed and regulated under MiFID. The company is regulated and authorised by the Financial Supervision Commission (FSC), Bulgaria, Reg. No. RG-03-01