USD/JPY: Expect continuation of the upmove, towards 111.90
EUR/USD Current level - 1.1809
There is an intraday risk of a brief rise to 1.1870 and it should finalize the consolidation pattern above 1.1760, hence provoke another leg downwards, to 1.1680. Crucial on the upside is 1.1890 area, as a violation of that zone will neutralize the bearish outlook.
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| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 1.1890 | 1.2060 | ||||||||||||||||
| 1.2000 | 1.2160 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 1.1760 | 1.1720 | ||||||||||||||||
| 1.1720 | 1.1480 | ||||||||||||||||
USD/JPY Current level - 110.85
The upmove has reached 111.00 resistance and after brief consolidation above 109.50 a continuation should be expected, towards 111.90 zone.
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| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 111.00 | 111.90 | ||||||||||||||||
| 111.90 | 114.40 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 110.50 | 110.00 | ||||||||||||||||
| 110.00 | 108.50 | ||||||||||||||||
GBP/USD Current level - 1.3515
Still bearish here, for a dip towards 1.3300 area. Crucial on the upside is 1.3615 static resistance.
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| ||||||||||||||||
| resistance | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| intraday | intraweek | ||||||||||||||||
| 1.3615 | 1.3990 | ||||||||||||||||
| 1.3710 | 1.4100 | ||||||||||||||||
| support | |||||||||||||||||
| intraday | intraweek | ||||||||||||||||
| 1.3450 | 1.3460 | ||||||||||||||||
| 1.3310 | 1.3310 | ||||||||||||||||
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.
