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Daily Technical Analysis

EUR/USD

Current level – 1.1254

The currency pair continues to trade in the narrow range 1.1190 – 1.1285, as neither the bulls, nor the bears manage to prevail. Today, the market participants will mainly monitor the data on the nonfarm payrolls change in the United States, the data on the unemployment rate in the US and the data for the Initial jobless claims in the US (12:30 GMT). The forecasts are for high volatility, as a break of any of the boundaries of the mentioned channel could determine a clearer direction for the currency pair. In the event of a break in the upward direction, it is possible for the EUR/USD to reach and test the next important resistance at 1.1350.

Resistance Support
intraday intraweek intraday intraweek
1.1285 1.1400 1.1238 1.1140
1.1350 1.1500 1.1192 1.0980

USD/JPY

Current level – 107.44

The break of the 107.55 resistance level from the beginning of the week was fleeting, as the dollar started to lose positions against the yen once again. The sentiment is rather negative – for reaching and testing the support zone at 106.80. An unsuccessful test at the mentioned level could lead to a range-bound movement in the narrow channel of 106.80 – 107.55 once again.

Resistance Support
intraday intraweek intraday intraweek
107.55 108.50 107.20 106.00
108.00 109.25 106.80 105.00

GBP/USD

Current level – 1.2473

The movement of the currency pair is located just before a test of the resistance zone at 1.2480. The positive sentiments during the past few days have gained momentum, as a successful break of the mentioned level would push the price to the test of the next significant resistance at 1.2550.

Resistance Support
intraday intraweek intraday intraweek
1.2480 1.2665 1.2400 1.2250
1.2550 1.2665 1.2340 1.2160

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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