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Daily Technical Analysis

EUR/USD

Current level – 1.0921

During the first trading session of the week the pair slipped twice below the important support at 1.0920, but the breakthrough is not confirmed yet as the price is just above this level. If the support holds, the expectations are for an upward movement with first target the support at 1.1080. If the breakthrough proves to be successful, then a drop and a test at 1.0830 would be the most likely scenario.

Resistance Support
intraday intraweek intraday intraweek
1.0970 1.1080 1.0920 1.0770
1.1080 1.1200 1.0830 1.0511

USD/JPY

Current level – 107.56

After the failed attempt at 108.51, the pair is headed for a test at the support at 107.30. A possible breakthrough at this level would push the pair down to the support zone around 105.60. In the positive direction the first resistance is 108.51.

Resistance Support
intraday intraweek intraday intraweek
108.50 111.35 107.30 105.10
110.50 113.70 105.60 103.60

GBP/USD

Current level – 1.2540

After the pair successfully breached above the resistance at 1.2480 it is headed for a test at the next resistance at 1.2535. If it proves to be successful, the upward movement would gain momentum, taking the pair further to the next resistance zone around 1.2780. In the negative direction, the closest support is the former resistance at 1.2480.

Resistance Support
intraday intraweek intraday intraweek
1.2535 1.2535 1.2480 1.1800
1.2650 1.2650 1.2280 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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