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

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

EUR/USD

Current level – 1.1080

The euro tried to regain its position in yesterday’s session, but in the end this did not happen and the common currency started to lose ground with expectations being negative for a test of the key support at 1.1068. Breakthrough of this support would lead the EUR/USD towards the next key support at 1.0980. In upward direction, the first resistance is the 1.1130 level.

Resistance Support
intraday intraweek intraday intraweek
1.1100 1.1170 1.1080 1.1030
1.1130 1.1200 1.1068 1.0980

USD/JPY

Current level – 110.00

Since the start of last week, the pair is in a correction phase after the rise from 107.63. The narrow range in which the pair is trading, namely 109.75-110.27, sets the positive expectations for the USD/JPY even if the bottom of the range at 109.75 is broken. In such a case, basic and critical support zone in 109.60-65 follows. The first resistance the pair will target and test lies at 110.27

Resistance Support
intraday intraweek intraday intraweek
110.20 110.65 109.70 108.80
110.65 111.00 109.20 107.90

GBP/USD

Current level – 1.3036

The pair was pushed back up from the important support level at 1.3060 earlier in the week and since then it has been moving in an upward direction. Еxpectations are for continuation of the upward movement in case the pair manages to stay above the key support at 1.3000. The next resistance is the local top from yesterday at 1.3080.

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.

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