USDJPY: Pullback below 111.00 before upmove towards 112.80

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.

EURUSD

resistance

intraday

intraweek

1.1950

1.2160

1.2070

1.2500

support

intraday

intraweek

1.1830

1.1830

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.

USDJPY

resistance

intraday

intraweek

111.00

111.00

112.80

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.

GBPUSD

resistance

intraday

intraweek

1.3440

1.3530

1.3530

1.3800

support

intraday

intraweek

1.3340

1.3157

1.3220

1.2990

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.