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Forex Technical Analysis

by Stoyan Mihaylov


Date: 23.09.2014

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

EUR/USD

Current level - 1.2880

Forex Technical Analysis on EUR/USD

The intraday bias is positive after yesterday's low at 1.2815, but expect 1.2896 resistance to cap the upside, for a new slide towards 1.2750. Crucial on the upside remains 1.2995 high.


resistance
intraday intraweek
1.2896 1.3090
1.2995 1.3411
support
intraday intraweek
1.2840 1.2750
1.2750 1.2440

USD/JPY

Current level - 108.34

Forex Technical Analysis on USD/JPY

Current slide is probably the final leg of the consolidation pattern below 109.45 and I favor a reversal, for a renewal of the uptrend towards 110.60.

resistance
intraday intraweek
109.45 110.60
110.60 116.60
support
intraday intraweek
108.10 107.40
107.40 105.70

GBP/USD

Current level - 1.6347

Forex Technical Analysis on GBP/USD

A clear break through 1.6282 low should trigger a sell-off towards 1.6050 low. Initial resistance lies at 1.6410, followed by the major hurdle at 1.6530.
 
resistance
intraday intraweek
1.6410 1.6530
1.6530 1.6670
support
intraday intraweek
1.6245 1.6050
1.6160
1.5850

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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