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Forex Technical Analysis: EUR/USD, USD/JPY, GBP/USD

EUR/USD

Current level – 1.1083

During the first day of the week the currency pair was confined in a narrow range between 1.1076 and 1.1114. A breakdown below the support at 1.1076 would make the negative sentiment towards EUR/USD stronger, eventually pushing it to a new bottom around 1.1020. An alternative scenario for a move up would be a break of resistance at 1.1114 and a test of 1.1155.

Resistance Support
intraday intraweek intraday intraweek
1.1106 1.1244 1.1069 1.1020
1.1160 1.1300 1.1020 1.0960

USD/JPY

Current level – 106.67

After the successful breakthrough of the minor resistance at 106.47, the currency pair is heading towards the new resistance level at 106.76. In the opposite direction, the first support level is 106.253 and then 105.706.

Resistance Support
intraday intraweek intraday intraweek
106.75 107.50 105.70 104.46
107.50 108.50 105.00 100.00

GBP/USD

Current level – 1.2124

The currency pair is heading for a second attempt to break the resistance level at 1.2144. A successful break above 1.2144 would pave the way for a bullish run towards 1.2171. Conversely, support levels are at 1.2097 and 1.2047.

Resistance Support
intraday intraweek intraday intraweek
1.2100 1.2350 1.2016 1.1980
1.2200 1.2520 1.1980 1.1900

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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