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

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

EUR/USD

Current level – 1.1151

The signing of the first phase of the US-China trade deal yesterday did not bring any surprises to the financial markets and trading was relatively calm. EUR / USD stays above the resistance at 1.1130 and prepares for the test of the next resistance at 1.1170. If it is broken, a test of the next one at 1.1200 is to be observed. In a downward direction, first support is the previous resistance at 1.1130.

Resistance Support
intraday intraweek intraday intraweek
1.1170 1.1200 1.1100 1.1068
1.1200 1.1300 1.1100 1.1000

USD/JPY

Current level – 109.90

After more than a week’s rise in the dollar against the yen and the breakout of the key resistance at 109.68, the pair has been consolidating over the last three days, trading in a narrow range between 109.80 and 110.20. Breaking this range would also determine the direction of the future movement of the pair with expectations being rather positive until the support at 109.70 holds.

Resistance Support
intraday intraweek intraday intraweek
110.20 110.65 109.68 108.80
110.65 111.00 109.20 107.90

GBP/USD

Current level – 1.3043

The pair managed to stay above the support at 1.3002 and now has to test the next resistance at 1.3061 and 1.3124. The first support is the 1.3002 level. Even if it is broken, the pair will not lose its upside potential as long as it stays above the key support at 1.2950.

Resistance Support
intraday intraweek intraday intraweek
1.3060 1.3210 1.3000 1.2915
1.3125 1.3260 1.2950 1.2790

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