Market Analysis

Daily Technical Analysis

24.10.2014

EUR/USD


Daily Technical Analysis on EUR/USD

October 24, 2014
Current level - 1.2646

The prolonged consolidation above 1.2612 signals, that a larger corrective phase is underway and I favor a reversal above 1.2612 low to initiate a rise towards 1.2743 resistance area. Initial intraday resistance lies at 1.2680.

resistance
intraday intraweek
1.2680 1.2995
1.2743 1.3105
support
intraday intraweek
1.2612 1.2570
1.2570 1.2040

USD/JPY


Daily Technical Analysis on USD/JPY

October 24, 2014
Current level - 108.08

The uptrend from 106.23 has peaked precisely below 108.40 resistance and the pair has entered a consolidation phase, for a test of 107.40 support zone.

resistance
intraday intraweek
108.40 109.19
109.19 110.08
support
intraday intraweek
107.83 106.23
107.40 105.19

GBP/USD


Daily Technical Analysis on GBP/USD

October 24, 2014
Current level - 1.6026

The bias here remains negative, for one more slide towards 1.5950 support area before corrective rebound towards 1.6105.

resistance
intraday intraweek
1.6060 1.6280
1.6183 1.6530
support
intraday intraweek
1.5993 1.5950
1.5950
1.5870

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