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EUR/USD: A corrective rebound to 1.1640 before drowning below 1.1500

Written By Adam Lemon | 2018-08-07 04:09:00 GMT

The reversal at 1.1530 signals a corrective rebound to 1.1640, which should be followed by a major break through 1.1509, en route to 1.1300 area.

EUR/USD

resistance
intraday intraweek
1.1640 1.1750
1.1750 1.1830
support
intraday intraweek
1.1530 1.1510
1.1510 1.1300

 

USD/JPY Current level - 111.34

The lack of trend dynamics here leaves the bias neutral. Trigger on the upside is 111.85.

USD/JPY

resistance
intraday intraweek
111.85 114.50
113.20 114.50
support
intraday intraweek
110.25 110.25
110.25 109.30

 

GBP/USD Current level - 1.2968

The slide through 1.2960 shows a renewal of the general downtrend, towards 1.2840 and 1.2770. Intraday allow a corrective rebound to 1.3060.

GBP/USD

resistance
intraday intraweek
1.2980 1.3210
1.3060 1.3460
support
intraday intraweek
1.2920 1.2960
1.2840 1.2770

Author

By Adam Lemon
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