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XAU/USD

Silver

USD/JPY: Possible rebound to 113.00 area

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.1120

Yesterday's peak at 1.1171 started a pullback and the intraday bias is slightly bearish, with a risk of a slide through 1.1080, towards 1.1020 support area.

resistance
intraday	intraweek
1.1130	1.1130
1.1200	1.1300

support
intraday	intraweek
1.1094	1.1022
1.1022	1.0838

resistance

intraday

intraweek

1.1130

1.1200

1.1300

support

intraday

intraweek

1.1094

1.1022

1.0838

USD/JPY Current level - 111.23

The reversal at 110.23 shows a positive bias, for a break through 111.90resistance, towards 113.00 hurdle.

resistance
intraday	intraweek
113.00	114.30
114.30	115.60

support
intraday	intraweek
112.00	109.40
112.00	108.12

resistance

intraday

intraweek

113.00

114.30

115.60

support

intraday

intraweek

112.00

109.40

112.00

108.12

GBP/USD Current level - 1.2948

The recent break through 1.2990 resistance was a short-lived one and the return below the mentioned area signals a risk of another attempt at 1.2830 crucial level. A break through the latter will confirm a reversal on the senior frames, challenging 1.2770 and 1.2610 areas. Key on the upside is 1.2990.

resistance
intraday	intraweek
1.2990	1.3120
1.3050	1.3500

support
intraday	intraweek
1.2830	1.2770
1.2770	1.2610

resistance

intraday

intraweek

1.2990

1.3120

1.3050

1.3500

support

intraday

intraweek

1.2830

1.2770

1.2610

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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