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

    EUR/USD

    Current level – 1.1043

    We saw a second unsuccessful test of the resistance level at 1.1060, which could lead to a downward movement and a test of the support zone at 1.1020. A breakthrough at this level will lead to a test of the next support at 1.0970.

    Resistance Support
    intraday intraweek intraday intraweek
    1.1060 1.1160 1.1020 1.0930
    1.1160 1.1200 1.0970 1.0850

    USD/JPY

    Current level – 107.36

    Following the upward movement from the previous session, the currency pair managed to break the resistance at 107.08, which could lead to a longer rise and test of the next resistance at 108.00. The main support level is at 106.70.

    Resistance Support
    intraday intraweek intraday intraweek
    107.50 108.50 107.00 105.80
    108.00 109.50 106.40 104.60

    GBP/USD

    Current level – 1.2344

    The currency pair managed to break the resistance level at 1.2353  and the movement is currently in a corrective phase, with the potential for a longer rise to the next resistance at 1.2430. In the opposite direction, the main support zone is at 1.2171.

    Resistance Support
    intraday intraweek intraday intraweek
    1.2360 1.2400 1.2260 1.2170
    1.2400 1.2500 1.2200 1.1970

    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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