USDJPY: Expect 113.10 to cap the upside, for a dip to 111.40
EUR/USD Current level - 1.1383
The reversal at 1.1470 led to a precise dip to 1.1360 major support and the outlook is positive above that area, for a test of 1.1420 and a violation of the latter will establish a new trading range between 1.1500 and 1.1360 boundaries, which will lead to a test of 1.1600 zone. An eventual break on the downside will challenge 1.1260.
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resistance | |||||||||||||||||
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intraday |
intraweek | ||||||||||||||||
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1.1420 |
1.1500 | ||||||||||||||||
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1.1500 |
1.1620 | ||||||||||||||||
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support | |||||||||||||||||
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intraday |
intraweek | ||||||||||||||||
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1.1360 |
1.1100 | ||||||||||||||||
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1.1270 |
1.0850 | ||||||||||||||||
USD/JPY Current level - 112.80
The reversal at 112.30 signals a minor corrective pattern below 113.10 before slide towards 111.40. An eventual break through 113.10 will trigger an attack of 113.70.
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resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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intraday |
intraweek | ||||||||||||||||
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113.10 |
114.50 | ||||||||||||||||
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113.70 |
116.20 | ||||||||||||||||
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support | |||||||||||||||||
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intraday |
intraweek | ||||||||||||||||
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112.30 |
111.40 | ||||||||||||||||
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111.40 |
110.40 | ||||||||||||||||
GBP/USD Current level - 1.2799
Despite the failure at 1.2880, I don't think, that there is much room on the downside, so expect a break though 1.2880 to unleash a rise for 1.3040.
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resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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intraday |
intraweek | ||||||||||||||||
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1.2880 |
1.3250 | ||||||||||||||||
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1.3040 |
1.3440 | ||||||||||||||||
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support | |||||||||||||||||
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intraday |
intraweek | ||||||||||||||||
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1.2720 |
1.2660 | ||||||||||||||||
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1.2660 |
1.2570 | ||||||||||||||||
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.
