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

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

EUR/USD

Current level – 1.1015

After yesterday’s volatile session, the pair managed to successfully break the resistance level at 1.0994 and reach a session high around 1.1030. The volatility is likely to increase during today’s trading session as trade negotiations between the US and China head into the final rounds. A successful breakthrough of the resistance at 1.1030 should push the EUR/USD even higher towards 1.1100. However, if the support at 1.0994 doesn’t hold, the pair may head lower towards the support in the 1.0964 zone.

Resistance Support
intraday intraweek intraday intraweek
1.1030 1.1176 1.0994 1.0880
1.1070 1.1176 1.0964 1.0830

USD/JPY

Current level – 107.94

The pair managed to break higher from 107.439 and the expectations turn positive for this market with a key resistance level at 108.44. If sentiment deteriorates due to trade talks between the US and China breaking down, a move towards 106 levels and an increase in downside momentum is highly probable.

Resistance Support
intraday intraweek intraday intraweek
108.11 108.44 107.44 106.40
108.44 108.80 106.68 105.80

GBP/USD

Current level – 1.2437

The volatility within GBP markets remains high amid Brexit talks between Boris Johnson and EU leaders. After the positive news yesterday, GBP/USD spiked higher to session highs around 1.2460. The sentiment today is likely to remain positive if no further news come up from the Brexit talks with a resistance level around 1.2500. However, GBP pairs remain extremely unclear due to the fast changing negotiations. In a negative direction, the first support zone is at 1.2410, followed by 1.2300 and 1.2200.

Resistance Support
intraday intraweek intraday intraweek
1.2463 1.2500 1.2335 1.2100
1.2500 1.2550 1.2300 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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