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USD/JPY: Positive bias, for 109.05 area

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.1215

The market is getting ready for this week's FOMC meeting and the intraday bias is bearish below 1.1250, for a slide towards 1.1110 lows.

resistance
intraday	intraweek
1.1250	1.1450
1.1350	1.1450

support
intraday	intraweek
1.1200	1.1015
1.1110	1.0860

resistance

intraday

intraweek

1.1250

1.1450

1.1350

1.1450

support

intraday

intraweek

1.1200

1.1015

1.1110

1.0860

USD/JPY Current level - 108.60

The intraday outlook here is bullish, for a rise towards 109.05 hurdle. Crucial on the downside is 108.10 low.

resistance
intraday	intraweek
109.05	109.90
109.05	112.40

support
intraday	intraweek
108.10	107.70
107.70	106.70

resistance

intraday

intraweek

109.05

109.90

109.05

112.40

support

intraday

intraweek

108.10

107.70

106.70

GBP/USD Current level - 1.2590

The break through 1.2650 led to a fast slide, currently testing 1.2550 lows and a violation of that area will challenge 1.2470. Initial resistance lies at 1.2650.

resistance
intraday	intraweek
1.2650	1.2960
1.2760	1.3170

support
intraday	intraweek
1.2550	1.2470
1.2470	1.2350

resistance

intraday

intraweek

1.2650

1.2960

1.2760

1.3170

support

intraday

intraweek

1.2550

1.2470

1.2350

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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