Market Analysis

Daily Technical Analysis

17.04.2014

EUR/USD


Daily Technical Analysis on EUR/USD

April 18, 2014
Current level - 1.3838

Yesterday's break through 1.3830 support after the intraday peak at 1.3850 has neutralized the positive bias and the pair is caught in a tight range. Although there is a risk of one more downswing for a another test of 1.3780, my outlook here is bullish, for a break through 1.3862 resistance, en route to 1.3966 high. Minor intraday support lies at 1.3830.

resistance
intraday intraweek
1.3863 1.4000
1.3904 1.4250
support
intraday intraweek
1.3830 1.3672
1.3780 1.3475

USD/JPY


Daily Technical Analysis on USD/JPY

April 18, 2014
Current level - 102.00

The upswing after 101.30 reached a local peak at 102.35 and the intraday bias is already bearish, for a slide through 101.30-16 major support, en route to 100.00 sentiment zone. Initial minor resistance lies at 102.15, followed by the major hurdle at 102.70.

resistance
intraday intraweek
102.15 104.10
102.70 105.40
support
intraday intraweek
101.85 100.70
101.30 99.00

GBP/USD


Daily Technical Analysis on GBP/USD

April 18, 2014
Current level - 1.6830

Today's break through 1.6822 high signals a bullish bias on most of the time-frames and my outlook is positive, for a further rise towards 1.6890, en route to 1.7000 major resistance. Initial minor support is projected at 1.6820, followed by the crucial 1.6780 and only a violation of the latter will signal, that the upmove from 1.6660 is over.

resistance
intraday intraweek
1.6890 1.7000
1.7000 1.7000
support
intraday intraweek
1.6820 1.6660
1.6780
1.6470

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