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Forex Technical Analysis

by Stoyan Mihaylov


Date: 22.07.2014

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

EUR/USD

Current level - 1.3500

Forex Technical Analysis on EUR/USD

The reliable resistance at 1.3550 is still intact and the outlook is undoubtedly bearish, for a slide towards 1.3400 area. Initial resistance lies at 1.3512, followed by 1.3550. Crucial on the upside is still 1.3585.

resistance
intraday intraweek
1.3512 1.3790
1.3550 1.3993
support
intraday intraweek
1.3489 1.3489
1.3400 1.3000

USD/JPY

Current level - 101.47

Forex Technical Analysis on USD/JPY

Yesterday's rise from 101.19 manged to breach 101.40 resistance and the intraday bias is positive, for an advance towards 101.85. Crucial on the downside is 101.19.

resistance
intraday intraweek
101.85 102.80
102.25 105.40
support
intraday intraweek
101.40 100.70
101.19 98.88

GBP/USD

Current level - 1.7068

Forex Technical Analysis on GBP/USD

The outlook continues to be bearish, for a break through 1.7035 local low, en route to 1.6910 major support. Key resistance on the upside is 1.7120.
 
resistance
intraday intraweek
1.7120 1.7250
1.7150 1.7440
support
intraday intraweek
1.7035 1.6910
1.6910
1.6680

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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