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

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

EUR/USD

Current level – 1.0951

The euro kept losing ground against the US dollar on Friday as expectations remain to the negative side for a slide towards the first target at around 1.0925. The first resistance in case of a corrective move to the upside lays around 1.0991, but only a definitive move above 1.1100 would start to negate the bearish view. This week the more significant data from the economic calendar is the CPI in the United States, due to be released at 13:30 GMT on Thursday.

Resistance Support
intraday intraweek intraday intraweek
1.0965 1.1100 1.0925 1.0900
1.0991 1.1130 1.0900 1.0870

USD/JPY

Current level – 109.79

The rally seems to be stalling, but the sentiment here remains positive as the pair is preparing to test the key support at 109.81. A possible breakthrough would pave the way towards 110.18. in downward direction, with the first support being 109.21.

Resistance Support
intraday intraweek intraday intraweek
110.00 110.22 109.20 108.29
110.22 110.65 108.78 107.90

GBP/USD

Current level – 1.2894

The British pound continued losing ground and at the end of last week managed to breach below the support zone 1.2900-1.2920. Sentiment should remain bearish as long as the currency pair trades below the aforementioned former support, which now acts as a level of resistance.The first level of support level is around 1.2790.

Resistance Support
intraday intraweek intraday intraweek
1.2918 1.3100 1.2790 1.2790
1.2975 1.3145 1.2700 1.2700

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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