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Daily Technical Analysis


Current level – 1.2167

During yesterday’s trading session, the single European currency appreciated against the U.S. dollar and breached the important resistance at 1.2148. The expectations, therefore, are for the upward movement to continue and for the currency pair to target the next resistance at 1.2219. In the opposite direction, if the pair tests the support level at 1.2114, the move should be considered as a corrective one. The latter would give the bulls better opportunities to enter the market and would increase the value of the euro against the dollar. Today, investors’ attention will be focused on the consumer confidence data for the U.S. that will be published at 14:00 GMT.

Resistance Support
intraday intraweek intraday intraweek
1.2180 1.2220 1.2150 1.2030
1.2220 1.2253 1.2110 1.1960


Current level – 104.98

At the time of writing this analysis, the currency pair is testing the support at 104.89 after previously breaching the critical support level at 105.30. The expectations for today’s trading session are for this support to be breached and for the pair to move towards the next support at 104.54. However, if the level at 104.89 manages to hold, the USD/JPY could enter a consolidation phase in the range between 104.89-105.30.

Resistance Support
intraday intraweek intraday intraweek
105.30 106.15 104.90 104.10
105.60 107.40 104.50 103.50


Current level – 1.4070

The sterling continues to appreciate against the greenback and, at the time of writing, the pairis testing the resistance at 1.4083. The market sentiment remains positive – for a continuation of the upward movement and for a move towards the next resistance at 1.4140. In case the GBP/USD does not manage to surpass this level, then the most probable scenario could become a corrective move towards the support at 1.3949.

Resistance Support
intraday intraweek intraday intraweek
1.4085 1.4140 1.3950 1.3770
1.4140 1.4240 1.3840 1.3680

DeltaStock Inc.
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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