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

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

EUR/USD

Current level – 1.1024

EUR/USD managed to hold above the 1.1020 support level during yesterday’s low volatility session. The current short-term uptrend is still intact with 1.1062 being the main resistance. If the pair successfully violates the aforementioned resistance, a move towards 1.1170 is probable. Conversely, a move below 1.1020 should push the price towards the support at 1.1000, followed by 1.0964.

Resistance Support
intraday intraweek intraday intraweek
1.1065 1.1177 1.0989 1.0939
1.1100 1.1230 1.0964 1.0880

USD/JPY

Current level – 108.31

After the corrective move, the price of USD/JPY found support at 108.11 and buyers managed to push the pair towards the resistance 108.46. Optimism from the recent trade war negotiations should stay and expectations are for a move above 108.46 towards the 108.70 – 108.80 zone. Support levels are the minor 108.11, followed by 107.83.

Resistance Support
intraday intraweek intraday intraweek
108.41 108.90 108.00 107.40
108.60 109.30 107.80 107.00

GBP/USD

Current level – 1.2614

After the euphoric rally, the corrective move to the downside was limited to 1.2500 – 1.2534. Today traders will again focus on the ongoing Brexit negotiations and any positive news around them should push the pair above the 1.2639 minor resistance and towards 1.2735. Alternatively, a move below 1.2500 should pave the way towards the support at around 1.2337 and 1.2195. In any case, volatility will remain high.

Resistance Support
intraday intraweek intraday intraweek
1.2670 1.2890 1.2500 1.2345
1.2735 1.2970 1.2425 1.2200

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.

Featured Analysis

Learn Forex Trading