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

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

EUR/USD

Current level – 1.1124

After the successful break of the resistance at 1.1083, the currency pair headed towards the next resistance at 1.1163. A break here and a daily close above this level would draw an even more bullish picture. First support is the last resistance at 1.1083.

Resistance Support
intraday intraweek intraday intraweek
1.1081 1.1177 1.1062 1.0939
1.1100 1.1230 1.1020 1.0880

USD/JPY

Current level – 108.60

The pair did not manage to break the resistance at 108.89 and headed down for a test of the support at 108.57. A break of this level will strengthen the downfall of the pair and it will test the next support at 108.11. On the other hand, if the pair does not manage to break the important support at 108.57, it will continue the upward movement and a test of the 108.89 level will occur.

Resistance Support
intraday intraweek intraday intraweek
108.90 109.00 108.60 107.40
109.00 109.30 108.11 107.00

GBP/USD

Current level – 1.2880

The positive news around the Brexit deal sent the pair to 1.2988 – the highest level for the past six months. Despite that, after this peak the pair slid down to 1.2756 amidst lingering ambiguity and the fact that the deal needs to be voted by the British parliament on Saturday. First resistance is yesterday’s high at 1.2988 and first important support is the 1.2783 level.

Resistance Support
intraday intraweek intraday intraweek
1.2867 1.2890 1.2700 1.2345
1.2890 1.2970 1.2500 1.2200

Previous articleGold Ready For Strong Uptrend After Pullback
Next articleEUR/AUD Daily Outlook
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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