Forex Technical Analysis on Majors
International Trading
EUR/USD
Current level - 1.3950
The overall bias remains positive for 1.4202 resistance area and important support is projected at 1.3796. The uptrend is intact and although today's volatility could be low the focus is still set on 1.4202.Minor Intraday Major Intraweek Resistance 1.40+ 1.4202 1.4202 1.4450 Support 1.3903 1.3795 1.3335 1.3159 USD/JPY
Our first target at 81.36 has been filled and the bias remains bearish below 82.20 resistance area for one more spike low towards 80.40. An eventual break above 82.20 will aim at 83.00 major resistance zone.Minor Intraday Major Intraweek Resistance 82.20 83.00 83.99 93.70 Support 81.36 80.40 80.+ 79.60 GBP/USD
With 1.5920 resistance being broke in the last trading day of the week, the bias here is already bullish and we favor a direct rise towards 1.6270, en route to 1.6410. Initial support is seen at 1.5900, followed by he crucial area at 1.5820. Minor Intraday Major Intraweek Resistance 1.6020 1.6272 1.60+ 1.6460 Support 1.5900 1.5820 1.5290 1.4810
