USD/JPY: Watch out for 106.25 crucial low

EUR/USD Current level - 1.2397

The break through 1.2360 resistance has neutralized the bearish outlook and the situation here is neutral. Initial support lies at 1.2360 and major hurdle is projected at 1.2460.

Forex Technical Analysis on EUR/USD

resistance
intraday intraweek
1.2460 1.2460
1.2460 1.2560
support
intraday intraweek
1.2360 1.2160
1.2280 1.2090

 

 

USD/JPY Current level - 106.49

The reversal at 107.30 signals a bearish bias and a violation of 106.25 zone will challenge 105.20 and 104.30 later on.

Forex Technical Analysis on USD/JPY

resistance
intraday intraweek
107.60 108.30
108.00 110.40
support
intraday intraweek
106.30 105.20
105.85 102.40

 

 

GBP/USD Current level - 1.3971

The break through 1.3930 led to a new peak at 1.4000 and a break through 1.3870 is needed in order to reinstate the bearish outlook for 1.3710.

Forex Technical Analysis on GBP/USD

resistance
intraday intraweek
1.4060 1.4150
1.4150 1.4280
support
intraday intraweek
1.3930 1.3710
1.3870 1.3620

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.