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

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

EUR/USD

Current level – 1.1002

The EUR/USD consolidated around the current price at 1.1002. The bears successfully kept the price under the previously breached support at 1.1020 and the picture remains bearish. Another push could head the currency pair to the support zones at 1.0990 and 1.0980. In an upward direction a break through 1.1020 and а move towards the resistances at 1.1063 and 1.1090 could show some positive sentiments for a retracement.

Resistance Support
intraday intraweek intraday intraweek
1.1020 1.1100 1.0970 1.0900
1.1070 1.1170 1.0940 1.0880

USD/JPY

Current level – 108.76

The downward move of the currency pair was stopped after hitting a hurdle at 108.65. A successful test of this level could pave the way of USD/JPY to the next target support at 107.94. Yet the positive sentiments of the bullish trend could help buyers for a push upward and heading for the resistances zones at 108.90 and a test of the highs at 109.20 and 109.45.

Resistance Support
intraday intraweek intraday intraweek
109.20 109.90 108.64 107.40
109.45 110.60 107.90 106.60

GBP/USD

Current level – 1.2841

After yesterday’s low volatility the Cable consolidated in a narrow range under the resistance zone at 1.2861. A Breach here for the buyers could lead the currency pair to test the upper level at 1.2913 and the next target resistance at 1.2964. A move towards that level could confirm the end of the previously formed negative sentiments. In the opposite scenario a breach of the support at 1.2800 could lead the GBP/USD to the major support around 1.2550.

Resistance Support
intraday intraweek intraday intraweek
1.2858 1.3000 1.2800 1.2550
1.2914 1.3180 1.2780 1.2500

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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