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Daily Technical Analysis

EUR/USD

Current level – 1.1896

The currency pair is managing to hold above the important support level of 1.1870 after two previous unsuccessful attempts at a breach of this support. The expectations are for the pair to head towards a test of the resistance level at 1.1943, and possibly test the next resistance at 1.1988, once the consolidation is over. In the negative direction, the first important support is the aforementioned level of 1.1870.

Resistance Support
intraday intraweek intraday intraweek
1.1940 1.1988 1.1870 1.1746
1.1988 1.2030 1.1807 1.1714

USD/JPY

Current level – 109.56

During yesterday’s trading session, the currency pair managed to violate the support at 109.54. However, in the early hours of today’s trading session, the dollar managed to regain positions against the yen and the pair re-entered the range of 109.54 – 109.88, in which it has been trading for the last couple of days. A confirmed breach of either boundary of the range would set the future direction for the pair.

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

GBP/USD

Current level – 1.3735

During yesterday’s trading session, the Cable made a failed attempt at breaching the resistance at 1.3760. The expectations are for the sterling to depreciate against the dollar and for the pair to re-test the critical support level of 1.3677. If the breach is confirmed, this could further the bears’ agenda and lead the pair towards a test of the support at 1.3600. In the positive direction, the first resistance is found at 1.3760. Today, the focus of investors will shift towards the manufacturing production data for the United Kingdom (08:30 GMT).

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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