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

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

EUR/USD

Current level – 1.1030

The pair managed to break above 1.0992 and the expectations now are for a test of the resistance at 1.1050. If the price breaks through this level, the next important resistance will be 1.1110 zone. However, on the downside the main support is at 1.0930 zone.

Resistance Support
intraday intraweek intraday intraweek
1.1050 1.1110 1.0992 1.0860
1.1110 1.1150 1.0930 1.0850

USD/JPY

Current level – 106.58

The successful break above 106.40 paved the way to 106.67 level, which represents a major resistance level. A breakthrough 106.67 will show strong positive sentiment for this market and levels above 107.00 should be expected. In case of a move to the downside, the levels around the 105.63 should act as a major support.

Resistance Support
intraday intraweek intraday intraweek
106.67 107.50 106.40 104.43
107.20 107.80 105.60 104.00

GBP/USD

Current level – 1.2237

After the news that the UK parliament backed a bill to block a no-deal Brexit, the pair recovered to 1.2250, breaking some important levels. The sentiment will remain positive if the possibility of a no-deal Brexit keeps decreasing. The major resistance level remains at 1.2300 with a major support around 1.1975. High volatility is expected during the coming days.

Resistance Support
intraday intraweek intraday intraweek
1.2300 1.2400 1.2170 1.1975
1.2400 1.2500 1.2077 1.1820

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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