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Technical Analysis: GBP/USD, JPY/USD, And EUR/USD

Published 10/21/2011, 05:55 AM
Updated 04/25/2018, 04:40 AM
EUR/USD
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GBP/USD
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JPY/USD
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GBP/USD

The currency pair founded support at key level at 1.5350. If the following upside swing remains in tact first important resistance is expected at 1.5784 (61.8% Fibo correction), followed by 1.6545 and the top from 02.05 at 1.6720. In the opposite direction first support would be the 50% Fibonacci level at 1.5487 followed by 1.5350.



Support  1.5415 1.5325 1.5190
Resistance  1.6545 1.6720 1.7030

USD/JPY

Movement in the general area of consolidation continues. Correction after falling from 85.52 to 79.57 reached 38.2 percent, followed by a break in the downward direction, as the price moves in the range 76.29 - 80.22, repelling from 76.29. Currently, the appreciation of the Japan currency reached 76.58 yen, below the levels of 78,50 ¥, which was the start of the last intervention by the BoJ. While the upper level is near historic lows. Important levels are 82.00 (50-DMA and intervention after the G-7) 83.30-level before the earthquake and 85.80 peak in April.



Support  76.9 76.29 75.95
Resistance  80.22 82.11 85.53


The Euro broke the support at 1.4150 (32.8% Fibonacci level) and 1.3664 (61.8% Fibo correction). Next support level is attended at 1.3047. In the opposite direction, the price will face resistance at the level of 1.4150 followed by 1.4550 and a break in the upward direction next resistance price will meet at about 1.4700.



Support  1.3047 1.2870 1.2200
Resistance  1.4150 1.4550 1.4700

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