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Daily Technical Analysis

EUR/USD

Current level – 1.1911

The currency pair failed to stay above the important resistance at 1.1920 and it is expected for it to test this level again. If the EUR/USD manages to breach the resistance at 1.1920, it should head towards the local high at 1.2010. Conversely, if the test proves to be unsuccessful, the pair could enter a corrective phase, which should be limited by the support levels at 1.1892 and at 1.1827.

Resistance Support
intraday intraweek intraday intraweek
1.1980 1.2010 1.1892 1.1798
1.1980 1.2110 1.1827 1.1761

USD/JPY

Current level – 104.00

During yesterday’s trading session, the currency pair managed to breach and stay below the important support at 104.18. This is a bearish signal for a downward movement towards the next important support at 103.72, possibly followed by an attack of the local bottom at 103.20. In the positive direction, the former support at 104.18 is now acting as resistance.

Resistance Support
intraday intraweek intraday intraweek
104.18 105.45 103.72 103.72
104.843 106.10 103.20 103.20

GBP/USD

Current level – 1.3356

The uptrend of the sterling against the dollar continues as the pair is approaching the key resistance at 1.3394 for the third time this week. A possible breach of this resistance would pave the way towards the 1.3480-1.3500 zone. An important support, which should limit any possible correction, lies at the level of 1.3302.

Resistance Support
intraday intraweek intraday intraweek
1.3394 1.3560 1.3300 1.3170
1.3480 1.3600 1.3275 1.3110

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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