EUR/USD

Current level – 1.1857

The attempts for a violation of the resistance level at 1.1858 during the end of last week were not successful and the price consolidated just under the aforementioned zone. A new test is highly probable and a breach could easily help the currency pair reach 1.1902. A breach of this level would encourage positive expectations for the future path of the EUR/USD. If bears prevail, their first target will lie at 1.1828, followed by the lower major support at 1.1780. This week, the attention of the traders will be focused on the speech of Fed`s Chairman J. Powell (14:00 GMT) and also on the expected data for Initial jobless claims on Thursday at 12:30 GMT.

Resistance Support
intraday intraweek intraday intraweek
1.1860 1.1860 1.1830 1.1500
1.1900 1.1900 1.1720 1.1400

USD/JPY

Current level – 104.34

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The retracement was limited to the resistance zone at 104.50 and the currency pair slid down, heading for a test of the support at 104.27 which is coming from the bigger time frames. If the bears manage to violate this level, the USD will most probably continue to lose value against the JPY and we might see a move targeting the lows from March of around 102.30. If buyers re-enter the market, a successful violation of the aforementioned resistance zone at 104.50 could encourage a rally towards 105.28, a breach of which will indicate a switch to a positive market sentiment.

Resistance Support
intraday intraweek intraday intraweek
105.30 106.00 104.80 103.20
105.60 106.45 104.20 101.00

GBP/USD

Current level – 1.2955

The Cable continues to trade in the narrow range between 1.2920 and 1.3021. Successful breach of the upper border of 1.3021 could lead to future gains, targeting a test of the next important resistance level at 1.3146 and, possibly, 1.3288. If bears prevail, a breach of the support zone and the lower border at 1.2920 could easily pave the way towards the next lower target at 1.2770.

Resistance Support
intraday intraweek intraday intraweek
1.3020 1.3150 1.2920 1.2640
1.3050 1.3290 1.2770 1.2530

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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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