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

EUR/USD

Current level – 1.1223

During the last trading session for 2019 the currency pair encountered resistance at the levels around 1.1241 and for the moment the price is consolidating below this level, with the possibility for a new test remaining high. In negative direction, the main support level is at 1.1200.

Resistance Support
intraday intraweek intraday intraweek
1.1240 1.1270 1.1200 1.1110
1.1270 1.1300 1.1170 1.1070

USD/JPY

Current level – 108.65

The currency pair is consolidating at the resistance level of 108.65, with the sentiment being positive for an increase up to 109.20, where the movement is very likely to meet strong resistance. On the downside, the main support is at 108.40

Resistance Support
intraday intraweek intraday intraweek
108.90 109.70 108.65 107.85
109.20 109.70 108.40 107.85

GBP/USD

Current level – 1.3246

After breaking the resistance at 1.3175, the currency pair aimed the next resistance level at 1.3300. Successful breakthrough could lead to a longer, more sustained rise and a test of the main resistance at 1.3500. The main data that would have an impact on the currency pair price movement for the upcoming trading session is the UK Manufacturing PMI for December (09:30 GMT).

Resistance Support
intraday intraweek intraday intraweek
1.3300 1.3500 1.3170 1.2970
1.3400 1.3600 1.3090 1.2790

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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