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Daily Technical Analysis

EUR/USD

Current level – 1.1914

The pullback phase was limited to the level of 1.1865 and, as of the time of writing, the EUR/USD has recovered its recent losses. The currency pair breached the resistance zone at 1.1899 and the pair is currently holding above the mentioned level. The breach of the abovementioned level will most likely be confirmed and will pave the way towards a test of the next target at 1.1943. If the bears re-enter the market and successfully breach the support at 1.1807, we might see a deeper sell-off towards the local low at 1.1714.

Resistance Support
intraday intraweek intraday intraweek
1.1940 1.1988 1.1899 1.1746
1.1988 1.2030 1.1807 1.1714

USD/JPY

Current level – 109.23

The USD continues to lose ground against the JPY and the pair has successfully breached the support zone at 109.54. If the bearish attack continues, a successful test of the next target at 108.85 could deepen the sell-off towards 108.44. The first resistance for the bulls can be found at the mentioned level of 109.54, but only a breach of 109.88 could draw a more bullish picture for the future path of the USD/JPY.

Resistance Support
intraday intraweek intraday intraweek
109.54 110.39 108.85 108.44
109.88 110.85 108.44 108.35

GBP/USD

Current level – 1.3733

The Cable continues to trade in the zone between 1.3713 and 1.3760. If the bears prevail, a violation of the lower border could easily lead to a test of the next target at 1.3677. This scenario would strengthen the negative expectations and could result in future losses for the GBP/USD. In the positive direction, the first resistance for the buyers lies at the zone of 1.3760, followed by the next important level of 1.3830.

Resistance Support
intraday intraweek intraday intraweek
1.3760 1.3910 1.3710 1.3680
1.3830 1.3955 1.3680 1.3600

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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