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Daily Technical Analysis

EUR/USD

Current level – 1.1398

After reaching 1.1494 – its highest level in 14 months, the pair dropped slightly in a roller coaster session. Despite that, expectations remain positive – for a test of the key resistance at 1.1540. If the current retracement continues, it should be limited to 1.1239.

Resistance Support
intraday intraweek intraday intraweek
1.1540 1.2070 1.1240 1.1000
1.1800 1.2220 1.1110 1.0860

USD/JPY

Current level – 103.22

The dollar managed to partially regain its positions against the yen, but the sentiment remains negative and a test of the support at 101.20 is the more likely scenario. In the positive direction, the first major resistance is at 105.00.

Resistance Support
intraday intraweek intraday intraweek
106.80 110.00 101.20 94.00
107.50 110.50 99.20 92.75

GBP/USD

Current level – 1.3067

The Cable made an unsuccessful attempt to breach the resistance at 1.3200 and then bounced back to the support zone around 1.3061. The expectations are for the pair to test 1.3061 and, if successful, the next target would be 1.3015. In an upward direction, the first resistance is the aforementioned level at 1.3200.

Resistance Support
intraday intraweek intraday intraweek
1.3100 1.3200 1.2900 1.2750
1.3200 1.3520 1.2860 1.2530

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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