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Forex Technical Analysis

by Stoyan Mihaylov


Date: 16.04.2014

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

EUR/USD

Current level - 1.3823

Forex Technical Analysis on EUR/USD


The recent low at 1.3788 was practically a test of the key support around 1.3780 and the outlook is already bullish, for a rise towards 1.3904, en route to 1.3960. Initial minor resistance lies at 1.3835.
resistance
intraday intraweek
1.3835 1.4000
1.3875 1.4250
support
intraday intraweek
1.3780 1.3672
1.3745 1.3475

USD/JPY

Current level - 102.23

Forex Technical Analysis on USD/JPY


The corrective rebound above 101.30 low is still on the run, and with the recent break through 101.96 the outlook here is bullish, for a tighter test of 102.60-70 area.
resistance
intraday intraweek
102.70 104.10
102.70 105.40
support
intraday intraweek
101.95 100.70
101.30 99.60

GBP/USD

Current level - 1.6748

Forex Technical Analysis on GBP/USD


Yesterday's sell-off to 1.6660 signals, that the whole corrective slide from 1.6820 is over and the bias is already bullish, for another test of 1.6822 resistance. Minor intraday support lies at 1.6711.
resistance
intraday intraweek
1.6750 1.6822
1.6822 1.7000
support
intraday intraweek
1.6711 1.6550
1.6660
1.6470

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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