GBP/USD: Still bearish, for a dip to 1.3100 area

EUR/USD Current level - 1.1737

The support at 1.1680 managed to hold yesterday's downward pressure, but I don't think the slide is over, so expect another dip to 1.1630-1.1600 area.

Forex Technical Analysis on EUR/USD

resistance
intraday intraweek
1.1790 1.1830
1.1830 1.2050
support
intraday intraweek
1.1680 1.1510
1.1600 1.1300

 

 

USD/JPY Current level - 111.05

The recent rise maneged to test 111.40 resiatnce and the pullback was limited above 110.80. My intraday outlook is neutral within the 110.80-111.40 range.

Forex Technical Analysis on USD/JPY

resistance
intraday intraweek
111.40 111.40
111.40 114.40
support
intraday intraweek
110.80 107.80
110.25 106.70

 

 

GBP/USD Current level - 1.3267

My outlook remains negative, for a break through 1.3200 area, towards 1.3100 zone.

Forex Technical Analysis on GBP/USD

resistance
intraday intraweek
1.3320 1.3618
1.3460 1.3990
support
intraday intraweek
1.3200 1.3040
1.3100 1.2770

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