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

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

EUR/USD

Current level – 1.0938

The appreciation of the euro from yesterday resembles a retracement and the price could remain limited below the resistance zone 1.0940-1.0960. The expectations for a continuation of the downtrend remain and a second test of the 1.088 low. For a long term change in direction a breach above 1.1024 would be necessary.

Resistance Support
intraday intraweek intraday intraweek
1.0960 1.1070 1.0914 1.0810
1.1000 1.1176 1.0880 1.0717

USD/JPY

Current level – 107.69

The pair managed to reach the resistance 108.42 where sellers regained control and dominated the direction of the market until the end of the session. The support at 107.82 was successfully breached, and if the downward move loses momentum, we might see a slow down in price action that’s locked between the range 108.42-107.00. Relevant supports remain 107.51 and 107.00.

Resistance Support
intraday intraweek intraday intraweek
107.82 108.80 107.51 106.40
108.40 109.50 107.00 105.80

GBP/USD

Current level – 1.2296

There is a slowdown in the downtrend but not many prerequisites for a change in the direction or sentiment. There is a chance for a test of the resistance at 1.2345 and, if it fails, that would give an opportunity for a drop towards the lows at 1.2070. In the opposite direction, a serious obstacle for the bulls remains the resistance at 1.2550.

Resistance Support
intraday intraweek intraday intraweek
1.2345 1.2500 1.2280 1.2100
1.2417 1.2580 1.2200 1.2000

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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