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Daily Technical Analysis

EUR/USD

Current level – 1.0898

The pair managed to breach the resistance at 1.0830 and is headed for a test at the next resistance level at 1.0965. A new successful breakthrough would push the price up to the zone around 1.1080-1.1100. In the negative direction, the first support is the former resistance at 1.0830.

Resistance Support
intraday intraweek intraday intraweek
1.0965 1.1080 1.0830 1.0650
1.1080 1.1200 1.0750 1.0511

USD/JPY

Current level – 108.69

The pair is headed for a test of the support at 108.51. If it manages to break below 108.51, it would continue sliding towards the local bottom at 107.30. In case the support holds, the forecast is for the consolidation started at the beginning of the week, to continue.

Resistance Support
intraday intraweek intraday intraweek
109.90 111.35 108.50 105.10
110.50 113.70 107.30 103.60

GBP/USD

Current level – 1.2341

After the unsuccessful test of the support at 1.2162, the pair continues trading in range, however a little wider than it was last week – between 1.2190 – 1.2480. The expectations are positive for a test at the upper limit of the range at 1.2480, followed by 1.2535.

Resistance Support
intraday intraweek intraday intraweek
1.2480 1.2535 1.2190 1.1800
1.2535 1.2650 1.2000 1.1440

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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