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Daily Technical Analysis

EUR/USD

Current level – 1.1276

The 1.1350 resistance test failed, with bullish sentiments becoming limited just before reaching the mentioned level. The bears managed to regain strength and pushed the trade below the support level at 1.1285. Potential strengthening of negative sentiments may lead to a test of the main support zone at 1.1190.

Resistance Support
intraday intraweek intraday intraweek
1.1285 1.1400 1.1240 1.1190
1.1350 1.1500 1.1190 1.1140

USD/JPY

Current level – 107.64

After the unsuccessful test of the support zone at 107.25, we once more witnessed the movement going back in the narrow range between 107.25 – 107.80. The currency pair cannot find a clear direction and, at the moment, investors are cautious and expect news related to the development of the COVID-19 pandemic and its accompanying consequences for the global economy.

Resistance Support
intraday intraweek intraday intraweek
107.80 108.50 107.45 106.80
107.15 109.35 107.25 106.00

GBP/USD

Current level – 1.2553

The pound managed to briefly jump over the resistance level of 1.2550 and, at the moment, we cannot consider that the breakthrough is completed. Positive sentiment is still relevant after the British Prime Minister Boris Johnson said that the United Kingdom was ready to leave Europe even without a deal. This was the reason for the push in a positive direction over the past session. The next more important resistance in front of the bulls is the level of 1.2665, followed by that of 1.2785.

Resistance Support
intraday intraweek intraday intraweek
1.2600 1.2780 1.2480 1.2340
1.2665 1.2800 1.2400 1.2250

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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