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Forex Technical Analysis

by Stoyan Mihaylov »

Note: Our analyst Stoyan Mihailov will be on a leave of absence until the 31st of December. In the meantime, the daily technical analysis will be updated by our Dealing Department.

Date: 19.12.2014

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


Current level - 1.2281

Forex Technical Analysis on EUR/USD

The pair is targeting a test and braking of the 1.2246 support.  Both short and long term chart frames signal a negative mood and confirmation will follow once the 1.2246 level goes down.

intraday intraweek
1.2560 1.2600
1.2600 1.2880
intraday intraweek
1.2322 1.2246
1.2246 1.2040


Current level - 119.01

Forex Technical Analysis on USD/JPY

After the correction to 115.54 the pair gained pace to close above 118.80. Full confirmation of the northbound trend will follow once the 119.55 obstacle falls. Levels to watch in the long run is 122.00.

intraday intraweek
119.55 122.00
119.80 124.16
intraday intraweek
116.50 116.00
116.00 115.30


Current level - 1.5660

Forex Technical Analysis on GBP/USD
The range-bound trading in GBP/USD between the 1.5750 resistance and the 1.5530 support remains intact. In the mid-term we expect the downtrend of the pair to resume in direction of the key 1.5430 support.

intraday intraweek
1.5754 1.5940
1.5825 1.6020
intraday intraweek
1.5529 1.5430

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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