Forex Technical Analysis: EUR/USD, USD/JPY, GBP/USD
EUR/USD
Current level – 1.2334
The reversal at 1.2255 signals a start of a new upswing, for a break through the dynamic resistance at 1.2370, towards 1.2460. Key intraday support is projected at 1.2300.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2370 | 1.2460 | 1.2300 | 1.2160 |
| 1.2460 | 1.2560 | 1.2160 | 1.2090 |
USD/JPY
Current level – 106.23
My outlook here is positive, for a rise towards 107.30, en route to 107.90 zone.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 107.30 | 108.30 | 105.20 | 105.20 |
| 108.00 | 110.40 | 105.20 | 102.40 |
GBP/USD
Current level – 1.4032
The bias is positive after the break though 1.4000, for a continuation of the rise towards 1.4150. Initial support lies at 1.4000 and crucial on the downside is 1.3900.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.4090 | 1.4150 | 1.4000 | 1.3710 |
| 1.4150 | 1.4280 | 1.3900 | 1.3620 |
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