Daily Forex Technicals | Written by DeltaStock Inc. | Oct 19 09 09:31 GMT |

Forex Technical Analysis EUR/USD Current level-1.4929 EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.4134 and 1.3523. Recent low at 1.4827 was a test of the 1.4812 support area and the pair is ready for next leg upwards, to 1.5104 main target. Intraday resistance comes at 1.4967 and crucial is 1.4872. Resistance Support intraday intraweek intraday intraweek 1.4967 1.5104 1.4872 1.4680 1.5104 1.6040 1.4812 1.4444 USD/JPY Current level - 90.56 A short-term bottom has been set at 87.12 and a large consolidation is unfolding since. Trading is situated below the 50- and 200-day SMA, currently projected at 94.86 and 94.84. A minor consolidation unfolds from recent high at 91.34 and the pair is testing 90.38 support area. The overall bias remains positive for 92.10, but a break below 90.40 can target a deeper slide towards 89.70 dynamic support. A positive trigger on the upside is 90.90. Resistance Support intraday intraweek intraday intraweek 90.90 92.40 90.40 88.01 91.40 97.79 89.70 83.53 GBP/USD Current level- 1.6275 The pair is in a downtrend after peaking at 1.7042. Trading is situated between the 50- and 200-day SMA, currently projected at 1.6454 and 1.5258. Although the pattern below 1.6399 seems rather corrective in nature, the intraday bias is still negative for 1.6130 with a risk limit above 1.6367 resistance area. Resistance Support intraday intraweek intraday intraweek 1.6320 1.6468 1.6250 1.5706 1.6360 1.7042 1.6130 1.5352 DeltaStock Inc. - Online Forex & Securities Broker www.deltastock.com RISK DISCLAIMER: These analyses are for information purposes only. They DO NOT post a BUY or SELL recommendation for any of the financial instruments herein analyzed. The information is obtained from generally accessible data sources. The forecasts made are based on technical analysis. However, Delta Stock’s Analyst Dept. also takes into consideration a number of fundamental and macroeconomic factors, which we believe impact the price moves of the observed instruments. Delta Stock Inc. assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person's reliance upon the information on this page. Delta Stock Inc. shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation, losses or unrealized gains that may result. Any information is subject to change without notice.