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

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

EUR/USD

Current level – 1.1049

Еxpectations remain negative as the price is currently testing the support zone at 1.1050. The next major level is at 1.1020-1.1030 and, if broken, the price should tumble to new lows. In positive direction, only a break at 1.1110 zone and a successful test of the next resistance at 1.1160 could lead to a reversal in the sentiment.

Resistance Support
intraday intraweek intraday intraweek
1.1110 1.1230 1.1030 1.1000
1.1160 1.1300 1.1000 1.0960

USD/JPY

Current level – 106.47

After a successful test and a break through the level at 106.22, we saw a rise of the price and looks like the sentiment is turning positive with the pair aiming for a test of the next resistance zone at 106.73. A break at this level could lead to a further rise and test of the area around 107.50. Support levels lay at around 106.19 and 105.63.

Resistance Support
intraday intraweek intraday intraweek
106.73 107.50 106.20 104.43
107.50 108.50 105.60 104.00

GBP/USD

Current level – 1.2206

Sterlings depreciation against the US dollar from the previous session was mainly a result of Boris Johnson’s decision to suspend the British Parliament, which has now been approved by the Queen. This will leave British MPs even less time to discuss and deal with Brexit, leading to rise in the odds for a no-deal Brexit. Тhe currency pair is again facing the support zone at 1.2183. A break at this level could restore the range-bound movement in the 1.2014-1.2183 area.

Resistance Support
intraday intraweek intraday intraweek
1.2280 1.2450 1.2183 1.2014
1.2380 1.2520 1.2100 1.1900

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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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