TRENDING:

XAU/USD

Silver

USDJPY: Pullback below 111.00 before upmove towards 112.80

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.1912

Yesterday's dip to 1.1830 failed and there is risk of intraday bounce to 1.2000 interim resistance, but a clear break through 1.1830 support area will signal a major reversal and will challenge 1.1660 and 1.1490 later on.

resistance
intraday	intraweek
1.1950	1.2160
1.2070	1.2500

support
intraday	intraweek
1.1830	1.1830
1.1830	1.1660

resistance

intraday

intraweek

1.1950

1.2160

1.2070

1.2500

support

intraday

intraweek

1.1830

1.1660

USD/JPY Current level - 110.56

The resistance at 111.00 provoked a corrective pullback and there is a chance of one more leg downwards, to 109.20, before advancing higher, towards 112.80. On the senior frames the recent reversal at 107.30 points to 114.50 highs.

resistance
intraday	intraweek
111.00	111.00
112.80	112.80

support
intraday	intraweek
110.30	108.12
109.20	107.30

resistance

intraday

intraweek

111.00

112.80

support

intraday

intraweek

110.30

108.12

109.20

107.30

GBP/USD Current level - 1.3410

Yesterday's precise test of 1.3157 support failed and the rebound which followed is still active, heading for 1.3440, en route to 1.3530. Key support lies at 1.3340.

resistance
intraday	intraweek
1.3440	1.3530
1.3530	1.3800

support
intraday	intraweek
1.3340	1.3157
1.3220	1.2990

resistance

intraday

intraweek

1.3440

1.3530

1.3800

support

intraday

intraweek

1.3340

1.3157

1.3220

1.2990

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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