HomeContributorsTechnical AnalysisForex Technical Analysis: EUR/USD, USD/JPY, GBP/USD

Forex Technical Analysis: EUR/USD, USD/JPY, GBP/USD

EUR/USD

Current level – 1.1093

Yesterday the euro managed to score some gains and today the expectations remain positive as markets prepare for the FOMC (Federal Open Market Committee) meeting minutes at 19:00 UK time. Should the price breaches the immediate resistance at 1.1196 the pair could head towards the 1.1160 zone. Key support remains the 1.1076 level.

Resistance Support
intraday intraweek intraday intraweek
1.1106 1.1250 1.1076 1.1020
1.1160 1.1300 1.1020 1.0960

USD/JPY

Current level – 106.32

Here the situation remains almost unchanged after a prolonged range trading with the bulls slightly regaining control, since the price managed to hold above the minor support at 106.25. After a few attempts for a breach at 106.76, the possibility for a breakthrough  remains high.

Resistance Support
intraday intraweek intraday intraweek
106.75 107.50 105.70 104.46
107.50 108.50 105.00 100.00

GBP/USD

Current level – 1.2164

We can see a change in sentiment towards the Sterling as the bullish impulses have gotten stronger. The expectations are for a breach of the upper border of the range at 1.2183. Before that, it’s possible to see a final test at 1.2139.

Resistance Support
intraday intraweek intraday intraweek
1.2180 1.2300 1.2140 1.2050
1.2220 1.2350 1.2100 1.1980

DeltaStock Inc.
DeltaStock Inc.http://www.deltastock.com/
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.

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