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

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

EUR/USD

Current level – 1.1085

Аfter the break of the support level at 1.1105 the currency pair is once again trading in the 1.1060-1.1114 range. The trend here is negative for a test of the next support area at 1.1060. In positive direction, only a break at 1.1105 zone and a test of the next resistance at 1.1170 could lead to a reversal in the sentiment.

Resistance Support
intraday intraweek intraday intraweek
1.1105 1.1230 1.1066 1.1020
1.1170 1.1300 1.1066 1.0960

USD/JPY

Current level – 105.85

After the unsuccessful test of the resistance zone 106.21, we saw a decline and the current sentiment is still negative for a test of the next support zone at 105.18. A break at this level could lead to continued decline and test of the area around 104.50.

Resistance Support
intraday intraweek intraday intraweek
106.25 107.50 105.18 104.55
106.76 108.50 104.55 104.00

GBP/USD

Current level – 1.2206

Sterlings depreciation against the US dollar from the previous session was mainly a result of Boris Johnson’s decision to suspend the British Parliament, which has now been approved by the Queen. This will leave British MPs even less time to discuss and deal with Brexit, leading to rise in the odds for a no-deal Brexit. Тhe currency pair is again facing the support zone at 1.2183. A break at this level could restore the range-bound movement in the 1.2014-1.2183 area.

Resistance Support
intraday intraweek intraday intraweek
1.2280 1.2450 1.2183 1.2014
1.2380 1.2520 1.2100 1.1900

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.

Featured Analysis

Learn Forex Trading