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Silver

USDJPY: Still bullish for 111.00, en route to 111.90

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.1832

Current rebound after 1.1760 should be considered corrective, preceding another slide towards 1.1720, en route to 1.1480. Initial intraday resistance lies at 1.1870.

resistance
intraday	intraweek
1.1870	1.2060
1.1910	1.2160

support
intraday	intraweek
1.1760	1.1720
1.1720	1.1480

resistance

intraday

intraweek

1.1870

1.2060

1.1910

1.2160

support

intraday

intraweek

1.1760

1.1720

1.1480

USD/JPY Current level - 110.24

My outlook remains bullish after the recent corrective pattern above 110.00, for a rise towards 111.00, en route to 111.90.

resistance
intraday	intraweek
111.00	111.90
111.90	114.40

support
intraday	intraweek
110.00	108.50
109.15	107.90

resistance

intraday

intraweek

111.00

111.90

114.40

support

intraday

intraweek

110.00

108.50

109.15

107.90

GBP/USD Current level - 1.3558

Despite the positive intraday bias, my outlook is bearish below 1.3615 crucial high, for a renewal of the downtrend through 1.3160, towards 1.3300.

resistance
intraday	intraweek
1.3615	1.3990
1.3710	1.4100

support
intraday	intraweek
1.3450	1.3460
1.3310	1.3310

resistance

intraday

intraweek

1.3615

1.3990

1.3710

1.4100

support

intraday

intraweek

1.3450

1.3460

1.3310

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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