EUR/USD

Current level – 1.0980

TTodays trading sessions should be rather volatile as trade negotiations between the US and China kick off. In the light of conflicting news about the trade war, the currency pair returned in the range 1.0964-1.0994 with the main resistance zone being the upper limit of the range. A successful breakthrough here should push the EUR/USD towards a new test of the next resistance at 1.1025. However, if the support at 1.0942 is violated, the pair should head towards the main support in the 1.0906 zone.

Resistance Support
intraday intraweek intraday intraweek
1.1000 1.1176 1.0964 1.0880
1.1070 1.1176 1.0940 1.0830

USD/JPY

Current level – 107.32

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After yet another unsuccessful test of the resistance 107.439 the currency pair is gaining momentum a new one. A breakthrough should lead the currency pair towards the next resistance at around 107.85. If market sentiment deteriorates due to trade talks between the US and China breaking down, a move towards 106.65 and an increase in downside momentum is highly probable.

Resistance Support
intraday intraweek intraday intraweek
107.43 108.20 107.00 106.40
107.88 108.80 106.68 105.80

GBP/USD

Current level – 1.2209

As hopes for an orderly Brexit fade due to the rising tensions between the leaders of the European Union and Britain’s Prime Minister Boris Johnson, GBP volatility continues to increase as well. The few successive tests of the main support level at 1.2200 were not successful and the currency pair managed to stay above this level. However, another attempt at breaking this rather important level is likely and, if successful, the GBP/USD should head towards 1.2180 and below. In a positive direction, the first major resistance zone is at 1.2280, followed by 1.2300 and 1.2335 as investors focus on UK’s economic data due 09:30 UK time.

Resistance Support
intraday intraweek intraday intraweek
1.2270 1.2400 1.2200 1.2100
1.2335 1.2550 1.2170 1.2000

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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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