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Forex Technical Analysis

by Stoyan Mihaylov »


Date: 25.11.2014

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

EUR/USD

Current level - 1.2428

Forex Technical Analysis on EUR/USD

The bias here remains neutral within the consolidation pattern above 1.2357, before renewal of the downtrend towards 1.2240. Initial intraday resistance comes at 1.2440, followed by the major one at 1.2502.

resistance
intraday intraweek
1.2440 1.2630
1.2503 1.2720
support
intraday intraweek
1.2401 1.2240
1.2357 1.2040

USD/JPY

Current level - 117.74

Forex Technical Analysis on USD/JPY

The recent rise from 117.33 has peaked at 118.56 and current outlook is negative, for a slide towards 117.04 static support. The latter should be able to provide a reliable base for another upswing, towards 120.00 sentiment area.

resistance
intraday intraweek
118.56 120.00
118.98 124.16
support
intraday intraweek
117.33 117.00
117.04 115.40

GBP/USD

Current level - 1.5678

Forex Technical Analysis on GBP/USD

The intraday bias is positive after yesterday's failure at 1.5625, for a possible spike towards 1.5750 before sell-off to 1.5590, en route to 1.5430. Major resistance on the upside remains projected at 1.5790.

resistance
intraday intraweek
1.5736 1.5790
1.5790 1.6020
support
intraday intraweek
1.5625 1.5430
1.5590
1.5240

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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