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Forex Technical Analysis

by Stoyan Mihaylov »

Date: 21.11.2014

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


Current level - 1.2480

Forex Technical Analysis on EUR/USD

The intraday bias here is negative, for a break through 1.2440 crucial level, en route to 1.2357 low and 1.2240 later on. Initial intraday resistance comes at 1.2503.

intraday intraweek
1.2503 1.2630
1.2575 1.2720
intraday intraweek
1.2440 1.2240
1.2357 1.2040


Current level - 117.87

Forex Technical Analysis on USD/JPY

Current pullback after 118.96 high should be considered corrective, preceding and advance towards 120.00 sentiment area. Trigger on the upside is 108.30 and major support is seen at 107.04.

intraday intraweek
118.30 120.00
118.96 124.16
intraday intraweek
117.33 117.00
117.04 115.40


Current level - 1.5654

Forex Technical Analysis on GBP/USD

The intraday bias here is already negative after yesterday's high at 1.5736 and I expect a break through 1.5590 to unleash a slide towards 1.5430 target zone. 

intraday intraweek
1.5736 1.5790
1.5790 1.6020
intraday intraweek
1.5590 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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