EUR/USD

Current level – 1.1868

The currency pair successfully reached the resistance at 1.1900, but for now the breakout test cannot be considered completed. It is possible to witness a correction before the bulls take control over the market. Today, the focus for investors will be on initial jobless claims data in the US (12:30 GMT). A large difference between the actual number and the expected values would be a prerequisite for a high market volatility. The first major support level for the currency pair is the level of 1.1775.

Resistance Support
intraday intraweek intraday intraweek
1.1900 1.2080 1.1776 1.1600
1.2080 1.2200 1.1694 1.1520

USD/JPY

Current level – 105.53

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The currency pair consolidated around the support level at 105.55, as the dollar lost some of its positions against the Japanese yen. Investors’ sentiment is currently rather neutral, awaiting the US initial jobless claims data, mentioned in the EUR/USD analysis, as well as tomorrow’s data on the nonfarm payrolls change in the US (Friday 12:30 GMT).

Resistance Support
intraday intraweek intraday intraweek
106.15 106.72 105.56 104.20
106.72 107.18 104.88 103.10

GBP/USD

Current level – 1.3124

After the unsuccessful break of the support at 1.3000, the Cable is again trading in the narrow range 1.3000 – 1.3130, and at the time of writing the analysis, the currency pair is facing another test of the upper limit of the range. A positive development would give the bulls an additional incentive to push the trade around the levels of the next resistance at 1.3200. Today, the upcoming economic news that might affect the movement of the currency pair, is the data on the Bank of England interest rate decision (06:00 GMT).

Resistance Support
intraday intraweek intraday intraweek
1.3130 1.3200 1.3002 1.2898
1.3200 1.3300 1.2950 1.2758

Previous articleBoE Holds Interest Rates Unchanged
Next articleEuro Back Near July Highs
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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