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Daily Technical Analysis

EUR/USD

Current level – 1.1417

The positive expectations were confirmed after the currency pair left the corrective phase during the last trading session. The bulls managed to push the price up to the resistance zone at 1.1440, and at the time of writing the analysis, the trading is just below that level. The sentiments are positive for breaking the main resistance at 1.1440 and reaching the next level at 1.1540. The key support remains at 1.1330.

Resistance Support
intraday intraweek intraday intraweek
1.1440 1.1500 1.1400 1.1330
1.1440 1.1560 1.1370 1.1240

USD/JPY

Current level – 107.35

After the formed double bottom, the bulls attacked the resistance at 107.45, and at the moment, the test of the mentioned zone is still ongoing. The sentiments are positive – to reach 107.70, and then for another test of the zone at 108.15. In a negative direction, the first major resistance lies in 106.80.

Resistance Support
intraday intraweek intraday intraweek
107.46 108.15 107.16 106.40
107.70 109.35 106.80 106.00

GBP/USD

Current level – 1.2579

After the formed double bottom, the bulls attacked the resistance at 107.45, and at the moment, the test of the mentioned zone is still ongoing. The sentiments are positive – to reach 107.70, and then for another test of the zone at 108.15. In a negative direction, the first major resistance lies in 106.80.

Resistance Support
intraday intraweek intraday intraweek
1.2525 1.2730 1.2450 1.2310
1.2600 1.2800 1.2380 1.2260

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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