USD/JPY: Bearish below 112.80, for 110.30

EUR/USD Current level - 1.1459

The bias is positive, for a break through 1.1490, towards 1.1550 and 1.1610. Intraday allow a dip to 1.1430 support area and an eventual violation of that area will challenge 1.1380 again.

EUR/USD

resistance
intraday intraweek
1.1490 1.1550
1.1550 1.1610
support
intraday intraweek
1.1430 1.1290
1.1380 1.1020

 

USD/JPY Current level - 112.64

My outlook here remains negative, for a break through 111.75 area, towards 110.30 zone. Initial intraday resistance lies at 112.80 and crucial on the upside is 113.50. 

 USD/JPY

resistance
intraday intraweek
112.80 114.50
113.50 115.50
support
intraday intraweek
111.75 111.75
110.30 110.20

 

GBP/USD Current level - 1.3090

The impulsive rise broke through 1.3050 resistance and the bias remains positive, for a violation of 1.3130 area, towards 1.3260 zone. Key support is projected at 1.3030.

GBP/USD

resistance
intraday intraweek
1.3130 1.3260
1.3260 1.3500
support
intraday intraweek
1.3030 1.2810
1.2970 1.2480

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.