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Daily Technical Analysis

EUR/USD

Current level – 1.1806

The bears re-entered the market around the resistance at 1.1847 and the currency pair failed to maintain its daily gains. At the moment, the support at 1.1800 is withstanding the bearish pressure, but a second test of the support at 1.1770 is not ruled out. At the moment, the market direction is not clear and the movement in the range between 1.1774 and 1.1847 may continue in the next trading sessions. The daily support remains at 1.1800, and the main one is found at 1.1774. If the latter is breached, the bears can gain momentum and test the lows at around 1.1731.

Resistance Support
intraday intraweek intraday intraweek
1.1847 1.1900 1.1800 1.1730
1.1875 1.1950 1.1774 1.1700

USD/JPY

Current level – 109.62

The bears re-entered the market around the resistance at 1.1847 and the currency pair failed to maintain its daily gains. At the moment, the support at 1.1800 is withstanding the bearish pressure, but a second test of the support at 1.1770 is not ruled out. At the moment, the market direction is not clear and the movement in the range between 1.1774 and 1.1847 may continue in the next trading sessions. The daily support remains at 1.1800, and the main one is found at 1.1774. If the latter is breached, the bears can gain momentum and test the lows at around 1.1731.

Resistance Support
intraday intraweek intraday intraweek
109.67 110.40 109.50 108.50
110.20 111.00 109.23 108.00

GBP/USD

Current level – 1.3797

The Cable was aggressively sold out at around 1.3900 and the bears managed to breach the support at 1.3826. After this failed peak, the market is likely to be sitting at the beginning of a downtrend. A confirmation of the breach of 1.3826 would strengthen these expectations. The first support is 1.3785, followed by the one at 1.3732. If 1.3785 holds, the market is likely to enter in a range mode, fluctuating between 1.3785 and 1.3860.

Resistance Support
intraday intraweek intraday intraweek
1.3826 1.3890 1.3785 1.3677
1.3890 1.4000 1.3732 1.3600

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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