USD/JPY: Expect another slide, to 105.90

EUR/USD Current level - 1.2360

The intraday bias is positive above 1.2330, with a risk of another leg upwards, to 1.2435 zone. The latter should cap the upside for a renewal of the general slide towards 1.2090.

EUR/USD

resistance
intraday intraweek
1.2435 1.2540
1.2540 1.2870
support
intraday intraweek
1.2330 1.2160
1.2210 1.2090

 

USD/JPY Current level - 107.44

Current rebound after 106.83 low is corrective in nature, thus preceding another leg downwards, to 105.90 zone. Key resistance is projected around 108.00-25.

USD/JPY

resistance
intraday intraweek
108.30 111.90
109.70 113.40
support
intraday intraweek
106.85 105.90
105.90 105.90

 

GBP/USD Current level - 1.3889

Intraday allow a brief bounce to 1.3990 area, before drowning towards 1.3760 low, en route to 1.3620 zone.

GBP/USD

resistance
intraday intraweek
1.3900 1.4090
1.3985 1.4174
support
intraday intraweek
1.3800 1.3730
1.3620 1.3620

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.