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Daily Tecnical Analysis

EUR/USD

Current level – 1.1714

The support at 1.1670 managed once again to resist the bearish pressure and the expectations for today’s trading session are for the pair to remain within the range between 1.1670 – 1.1766. Only a breach of the support at 1.1670 would lead to a sell-off, targeting the levels at around 1.1600. At the time of writing, a move towards the resistance at 1.1760 is a possible scenario before the downtrend is to continue. If the mentioned resistance is breached, the EUR/USD will most likely head towards the resistance at 1.1800.

Resistance Support
intraday intraweek intraday intraweek
1.1708 1.1800 1.1670 1.1600
1.1766 1.1830 1.1600 1.1530

USD/JPY

Current level – 109.80

After the successful breach of the resistance at 109.73, the expectations for today’s trading session are for a test of the resistance at 110.18. However, it is very likely that trading will remain locked in the range between 109.50-110.20. The stronger support, in case the pair starts to decline, is the level of 109.50 which, if breached, should lead to a move towards the support zone at 108.74.

Resistance Support
intraday intraweek intraday intraweek
110.18 110.52 109.73 109.11
110.52 111.00 109.48 108.74

GBP/USD

Current level – 1.3646

The currency pair is testing the psychological level at 1.3600 and, at the time of writing the analysis, there is a corrective movement which will most likely lead to a move towards the resistance at 1.3720. During today’s trading session, the more important economic news that could lead to an increase in volatility is the preliminary manufacturing PMI and the preliminary services PMI at 08:30 GMT.

Resistance Support
intraday intraweek intraday intraweek
1.3723 1.3800 1.3600 1.3508
1.3765 1.3880 1.3567 1.3508

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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