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.

Forex Technical Analysis on EUR/USD

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.

Forex Technical Analysis on USD/JPY

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.

Forex Technical Analysis on GBP/USD

resistance
intraday intraweek
1.3615 1.3990
1.3710 1.4100
support
intraday intraweek
1.3450 1.3460
1.3310 1.3310

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.