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Analysis

EUR/USD: Bearish below 1.1510, for 1.1300 area

EUR/USD Current level - 1.1450

The slide through 1.1509 shows, that the prolonged consolidation since the end of May is over and the outlook is bearish, for a dip to 1.1300 area. Initial hurdle lies at 1.1510.

resistance
intraday intraweek
1.1510 1.1750
1.1640 1.1830
support
intraday intraweek
1.1430 1.1300
1.1300 1.1300

 

USD/JPY Current level - 110.87

The downtrend is still intact, but a break through 111.20 will signal a reversal for 113.20.

resistance
intraday intraweek
111.20 114.50
113.20 114.50
support
intraday intraweek
110.25 110.25
110.25 109.30

 

GBP/USD Current level - 1.2745

The downtrend is intact, heading towards 1.2570-2620 area. Initial resistance lies at 1.2770, followed by the crucial one at 1.2850.

resistance
intraday intraweek
1.2770 1.2970
1.2850 1.3210
support
intraday intraweek
1.2730 1.2570
1.2630 1.2570

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