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

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

EUR/USD

Current level – 1.1073

The situation from the past week remains unchanged after the breakthrough of the key resistance levels at 1.1016 and after that at 1.1060. An unsuccessful test of the zone at 1.1115 could lead to a test of the support levels at 1.1060 and after that at 1.1016. In the opposite direction, a possible break of the resistance zone at 1.1115 should lead to a test of the next resistance at 1.1160.

Resistance Support
intraday intraweek intraday intraweek
1.1085 1.1160 1.1060 1.1016
1.1160 1.1200 1.1016 1.0930

USD/JPY

Current level – 107.72

The unsuccessful break of the resistance zone at 108.25 led to a decline and the currency pair is headed for a test of the support level at 107.42. A breakthrough at this level could restart the negative trend with a main support at 106.70. In positive direction, the main resistance level remains at 108.25.

Resistance Support
intraday intraweek intraday intraweek
108.25 108.80 107.40 106.40
108.80 109.50 107.00 105.80

GBP/USD

Current level – 1.2476

The currency pair managed to break the range formed during the past few weeks and is about to test the resistance level at 1.2511. Big fluctuations caused by news around Brexit and the Bank of England interest rate decision this week are possible.

Resistance Support
intraday intraweek intraday intraweek
1.2513 1.2560 1.2370 1.2170
1.2560 1.2640 1.2270 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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