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

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

EUR/USD

Current level – 1.1028

EUR/USD managed to hold above the 1.1020support 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 – 108.68

The trend for the Ninja (USD/JPY) remains positive after the successful breakthrough of the resistance level at 108.46. The optimism from the negotiations for the USA-China trade war is still dictating a risk on attitude, and a test of the next resistance area at 109.00 is probable. The recent drop looks like a retracement towards 108.46 and, if the move gains momentum, support levels lie at 108.11 and 107.83.

Resistance Support
intraday intraweek intraday intraweek
108.60 109.00 108.46 107.40
109.00 109.30 107.80 107.00

GBP/USD

Current level – 1.2774

Positive news and a favorable development prospect for the Brexit negotiations pushed the currency pair towards the resistance at 1.2780. Sentiment is currently positive and the GBP/USD should reach the next resistance at 1.2880. As always, high volatility is to be expected with today’s statement from the Bank of England Chairman at 14:00 UK time and the economic data due to be released at 09:30 UK time. The main support is the 1.2500 level, followed by 1.2337.

Resistance Support
intraday intraweek intraday intraweek
1.2783 1.2880 1.2565 1.2345
1.2800 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.

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