HomeContributorsTechnical AnalysisForex Technical Analysis: EUR/USD, USD/JPY, GBP/USD

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

EUR/USD

Current level – 1.1057

EUR/USD fell down sharply to 1.0930 on the news that ECB added an open-ended QE of €20 billion per month starting November 1st. Shortly after that, the currency pair rose above the key resistance levels 1.1016 and 1.1060 after president Trump’s tweets regarding the FED rate policy. The next resistance level is at 1.1085. In the opposite direction, the new support levels would be 1.1060 and 1.1016.

Resistance Support
intraday intraweek intraday intraweek
1.1085 1.1160 1.1020 1.0930
1.1160 1.1200 1.0970 1.0850

USD/JPY

Current level – 108.13

USD/JPY holds above the critical support level 107.45, looking positive for testing the resistance around 108.80. Should it be breached, we can expect the price to reach the zone around 109.30.

Resistance Support
intraday intraweek intraday intraweek
108.50 108.80 107.40 106.40
108.80 109.50 107.00 105.80

GBP/USD

Current level – 1.2327

The currency pair is currently trading in the range between 1.273 and 1.2373. Here, the price action and sentiment are still mostly influenced by the news regarding Brexit, so witnessing sharp and unexpected moves is not excluded.

Resistance Support
intraday intraweek intraday intraweek
1.2360 1.2400 1.2260 1.2170
1.2400 1.2500 1.2200 1.1975

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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