Market Analysis

Daily Technical Analysis

31.10.2014

EUR/USD


Daily Technical Analysis on EUR/USD

October 31, 2014
Current level - 1.2555

The pattern above 1.2540 is corrective in nature, thus preceding a break through 1.2500 low, en route to 1.2380. Initial intraday resistance lies at 1.2600, followed by the 1.2632 high.

resistance
intraday intraweek
1.2600 1.2840
1.2720 1.2995
support
intraday intraweek
1.2540 1.2500
1.2500 1.2240

USD/JPY


Daily Technical Analysis on USD/JPY

October 31, 2014
Current level - 111.57

Today's break through 109.44 unleashed a severe uptrend, which is currently absolutely intact, heading towards 113.20 resistance area. Crucial on the downside is the intraday low at 111.00.

resistance
intraday intraweek
112.10 113.20
113.20 116.50
support
intraday intraweek
111.00 110.08
110.08 108.34

GBP/USD


Daily Technical Analysis on GBP/USD

October 31, 2014
Current level - 1.5973

The rebound above 1.5950 peaked at 1.6037 and it is obvious, that current pattern is corrective in nature, preceding a break through 1.5940, en route to 1.5870 and 1.5740. Crucial resistance on the upside lies at 1.6070.

resistance
intraday intraweek
1.6010 1.6280
1.6070 1.6530
support
intraday intraweek
1.5950 1.5870
1.5870
1.5740

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