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

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

EUR/USD

Current level – 1.1059

The euro started the week with a slight decline and breached below the support at 1.1069. If the pair manages to regain its positions and break back above 1.1069, a more bullish picture will be drawn and a test of the support at 1.1101 would be on the map. In downward direction, the first support is at 1.1000.

Resistance Support
intraday intraweek intraday intraweek
1.1069 1.1130 1.1000 1.0990
1.1100 1.1170 1.0990 1.0980

USD/JPY

Current level – 108.62

The recent decline was stopped at 108.29 as the USD/JPY managed to recover slightly, reaching the resistance level at 108.80. If the pair manages to break above 108.80, the recovery would continue with the next target being 109.23. In downward direction, an important support is Friday’s low at 108.29

Resistance Support
intraday intraweek intraday intraweek
108.77 110.22 108.40 108.29
109.75 111.65 108.29 107.90

GBP/USD

Current level – 1.3013

The pound lost two figures against the dollar on the first day of the week, subsequently breaking below the support levels at 1.3145 and 1.3060. At the time of writing, the pair is struggling with the support level at 1.3000. In case this level is violated, the slide would continue towards the 1.2960 zone. If 1.3000 holds, a move towards the previous support level at 1.3060, which now acts as a resistance, is likely.

Resistance Support
intraday intraweek intraday intraweek
1.3061 1.3210 1.2980 1.2960
1.3145 1.3260 1.2960 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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