EUR/USD

Current level – 1.1246

The currency pair still failed to break the narrow range 1.1190-1.1300, despite the pick up in volatility during yesterday’s trading session, after the news for the nonfarm payrolls change for the United States at 12:30 GMT. The forecast is that the currency pair will remain in the mentioned range today and the movements will be limited due to tomorrow’s national holiday in the USA and today’s early close of the American stock exchanges. The first important levels of support and resistance are the lower and upper limits of the range, respectively 1.1190 and 1.1300.

Resistance Support
intraday intraweek intraday intraweek
1.1285 1.1400 1.1238 1.1140
1.1350 1.1500 1.1192 1.0980

USD/JPY

Current level – 107.49

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Resistance at 108.15 managed to stop the upward movement of the pair and the forecast is now to reverse the trend and strengthen the value of the yen against the dollar. The first important downward support is 107.18, followed by 106.18. An important resistance is the mentioned level at 108.15.

Resistance Support
intraday intraweek intraday intraweek
107.55 108.50 107.20 106.00
108.00 109.25 106.80 105.00

GBP/USD

Current level – 1.2463

The currency pair failed to break the resistance zone at 1.2550 and the forecast is for a decline in the value of the pound and a test of the first important support at 1.2402. If this support is not broken, a new upward movement and a repeated resistance test at 1.2550 is possible.

Resistance Support
intraday intraweek intraday intraweek
1.2480 1.2665 1.2400 1.2250
1.2550 1.2665 1.2340 1.2160

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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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