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Daily Technical Analysis

EUR/USD

Current level – 1.2126

After a short-term correction, the euro continued to strengthen its positions against the dollar, managing to close yesterday’s trading session in the green after initially breaching the important resistance at 1.2113. It is expected for the uptrend to continue, but a test of the mentioned level at 1.2113, which already acts as a support, is still quite possible.. The first important resistance is the level of 1.2180. Today, investors’ attention will be focused on the preliminary GDP data for the U.S. (12:30 GMT).

Resistance Support
intraday intraweek intraday intraweek
1.2180 1.2240 1.2113 1.1950
1.2180 1.2340 1.1986 1.1800

USD/JPY

Current level – 108.60

The currency pair is found in a corrective phase of the downward trend from 110.94. However, the decline during yesterday’s trading session is a sign that this correction is coming to an end and the expectations are for the downward movement to recover. A critical resistance is the level of 109.05, and the first important support is located at 107.98.

Resistance Support
intraday intraweek intraday intraweek
108.79 109.70 107.98 106.00
109.05 110.52 107.50 104.90

GBP/USD

Current level – 1.3939

The pound strengthened its positions against the dollar in the last few days, and today’s trading session began on the rise as well. The uptrend is projected to continue, but before that, a test of the key support at 1.3920 is very likely. If this support is not breached, it will give the pound a strong boost. The first important resistance is found at 1.3989.

Resistance Support
intraday intraweek intraday intraweek
1.3990 1.4140 1.3920 1.3728
1.4000 1.4300 1.3834 1.3670

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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