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Daily Technical Analysis

EUR/USD

Current level – 1.0812

The currency pair managed to break the support zone at 1.0830, consolidating below this level, and at the time of writing the analysis, the movement is right ahead of a test of the mentioned level, being the first resistance in the positive direction. A successful breakthrough would lead to a test of the next resistance at 1.0965. If the downward trend continues, the first major support is the 1.0650 level.

Resistance Support
intraday intraweek intraday intraweek
1.0830 1.1080 1.0750 1.0650
1.0965 1.1200 1.0650 1.0511

USD/JPY

Current level – 108.88

The bulls started to regain some of their positions. After the support level at 107.30 withstood the sales and we witnessed a break in the resistance zone at 108.50, the sentiment is positive, with the price movement headed for a test of the next more significant resistance area at 109.95.

Resistance Support
intraday intraweek intraday intraweek
109.90 111.35 108.50 105.10
110.50 113.70 107.30 103.60

GBP/USD

Current level – 1.2229

After a prolonged one-week range movement in the 1.2280-1.2480 zone, the sterling managed to break the lower limit, but for the moment this break cannot be considered as completed. Confirmation here would mean defining the negative sentiment and making the price movement to test the support level at 1.2000.

Resistance Support
intraday intraweek intraday intraweek
1.2280 1.2535 1.2100 1.1800
1.2480 1.2650 1.2000 1.1440

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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