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Forex Technical Analysis

by Stoyan Mihaylov »


Date: 30.10.2014

Major Currency Pairs:   EUR/USD   USD/JPY   GBP/USD

EUR/USD

Current level - 1.2561

Forex Technical Analysis on EUR/USD

The break through 1.2720 support confirmed a reversal at 1.2770 and the severe sell-off reached a local low at 1.2553. My outlook here is already counter-trend, for a break through 1.2612 intraday resistance, en route to 1.2720 area. Crucial on the downside is 1.2500.

resistance
intraday intraweek
1.2612 1.2995
1.2720 1.3105
support
intraday intraweek
1.2550 1.2500
1.2500 1.2240

USD/JPY

Current level - 109.13

Forex Technical Analysis on USD/JPY

The recent break through 108.34 unleashed a rise to 109.20 resistance zone and my outlook here is already bearish, for a slide through 108.92 intraday support, en route to 107.40 key support area.

resistance
intraday intraweek
109.20 110.08
110.08 113.00
support
intraday intraweek
108.92 107.40
108.34 105.70

GBP/USD

Current level - 1.5967

Forex Technical Analysis on GBP/USD

Yesterday's sell-off broke through 1.6068 crucial low, extending the losses all the way down to 1.5950 support zone. My outlook here is already bullish, for a reversal and rise through 1.5993 minor resistance, en route to 1.6070 zone.

resistance
intraday intraweek
1.5993 1.6280
1.6070 1.6530
support
intraday intraweek
1.5940 1.5870
1.5870
1.5740

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 Deptartment also takes into consideration a number of fundamental and macroeconomic factors, which we believe may impact the price moves of the observed instruments.

Deltastock AD 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 AD 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 prior notice.

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