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Daily Technical Analysis

EUR/USD

Current level – 1.1839

Following an unsuccessful test at the resistance level of 1.1829 and a short consolidation around 1.1800, the currency pair made another attempt to breach the mentioned resistance and the second test was successful. The forecast is for the bulls to build up the momentum and approach the next resistance level of 1.1893. In the negative direction, the first support lies at 1.1800. Today, increased activity can be expected around the announcement of the data on the initial jobless claims for the United States at 12:30 GMT.

Resistance Support
intraday intraweek intraday intraweek
1.1890 1.1890 1.1800 1.1746
1.1950 1.1950 1.1770 1.1700

USD/JPY

Current level – 109.96

The fleeting breach of the resistance and an upper border of the range, in which the currency pair has been trading for about a week now, at 110.18, wasn’t confirmed and the price quickly bounced back into the range between 109.48 and 110.18. Neither the bears, nor the bulls manage to prevail and breach either of the borders of the range, which would set a direction for the future movement of the Ninja.

Resistance Support
intraday intraweek intraday intraweek
110.18 110.52 109.73 109.11
110.52 111.00 109.48 108.74

GBP/USD

Current level – 1.3765

At the time of writing the analysis, the Cable is testing the support level of 1.3765. In case the bears don’t manage to violate this level, this would signal an upward movement and a test at the resistance at 1.3800, possibly followed by a test at 1.3880. However, if the support at 1.3765 is violated, then the minor support at 1.3732 would be the next target for the bears, before they approach the main support at 1.3600.

Resistance Support
intraday intraweek intraday intraweek
1.3800 1.3880 1.3765 1.3567
1.3880 1.3939 1.3723 1.3508

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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