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Daily Technical Analysis

EUR/USD

Current level – 1.2127

The euro rose against the dollar during yesterday’s trading session, confirming the pair’s rebound from the key support at 1.1957. The forecast is for the upward movement to continue and for the pair to test the important resistance at 1.2155. The first support is the level of 1.2098. Today, the attention of investors will be focused on the data on the core consumer price index for the United States (13:30 GMT).

Resistance Support
intraday intraweek intraday intraweek
1.2155 1.2155 1.2098 1.2011
1.2155 1.2181 1.2058 1.1957

USD/JPY

Current level – 104.53

Buyers were limited to just below the resistance level at 105.62, where the bears took control and directed the movement of the currency pair towards a test of the support level at 104.85. If the U.S. dollar continues to lose ground against the Japanese yen and the breach of the mentioned support is to be confirmed, it could be followed by a deeper sell-off in order for the main support zone at 104.19 to be tested.

Resistance Support
intraday intraweek intraday intraweek
105.15 106.70 104.19 104.00
105.62 107.40 104.19 103.39

GBP/USD

Current level – 1.3818

During yesterday’s trading session, the pound managed to breach and stay above the local high and critical resistance level of 1.3740. The upward movement continued in the first hours of today’s trading session as the pound reached its highest value against the dollar in almost 3 years – 1.3824. The forecast is for a short-term correction, followed by a continuation of the rally. A key support is the already mentioned previous resistance level of 1.3740.

Resistance Support
intraday intraweek intraday intraweek
1.3820 1.3850 1.3740 1.3542
1.3850 1.4000 1.3688 1.3448

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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