USD/JPY: Expect a test of 111.65 area
EUR/USD Current level - 1.1538
The violation of 1.1550 signals a reversal at 1.1430 and the outlook is rather positive above 1.1510, for a rise towards 1.1640.
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| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 1.1590 | 1.1835 | ||||||||||||||||
| 1.1640 | 1.2010 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 1.1510 | 1.1300 | ||||||||||||||||
| 1.1440 | 1.1100 | ||||||||||||||||
USD/JPY Current level - 112.25
The test of 112.40 was successful and the outlook remains negative, for a dip to 111.65 zone. Crucial resistance lies at 112.80.
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| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 112.80 | 114.40 | ||||||||||||||||
| 113.50 | 114.40 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 112.00 | 111.65 | ||||||||||||||||
| 111.65 | 110.40 | ||||||||||||||||
GBP/USD Current level - 1.3186
The rise since 1.2920 low is still intact, heading towards 1.3295 peak. Crucial on the downside is 1.3130 static support.
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| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 1.3295 | 1.3440 | ||||||||||||||||
| 1.3295 | 1.3440 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 1.3130 | 1.2570 | ||||||||||||||||
| 1.2870 | 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.
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