Mon, Jun 21, 2021 @ 21:52 GMT
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Daily Tecnical Analysis

EUR/USD

Current level – 1.2136

The euro rose against the dollar during Friday’s trading session, but today’s session began with a minor sell-off. However, the upward movement is expected to continue after the pair tested, but ultimately failed to breach the support at 1.2129. The first important resistance is the level of 1.2172. This week, investors will focus on the gross domestic product data for the euro area (Tuesday; 10:00 GMT), as well as on the Philadelphia Fed survey data for the United States (Thursday; 13:30 GMT).

Resistance Support
intraday intraweek intraday intraweek
1.2129 1.2270 1.2065 1.1950
1.2170 1.2340 1.1990 1.1899

USD/JPY

Current level – 109.27

The currency pair is found in a corrective phase after initially rising to 109.77, but then failing to stay above the level of significant resistance at 109.68. The expectations are for the upward movement to continue, with the most probable scenario being a successful test of the mentioned resistance. If this proves to be the case, the next target will be the local high at 110.95. In the downward direction, the first important support is the level of 108.94.

Resistance Support
intraday intraweek intraday intraweek
109.68 111.00 108.94 108.65
110.52 111.70 108.94 108.18

GBP/USD

Current level – 1.4088

After a short initial correction, the pound is currently gaining momentum against the dollar yet again as the Cable ended Friday’s session in the green. The expectations are for the upward movement to continue towards a test of the important resistance at 1.4146. In case this level is breached, the currency pair will also most likely aim for the local high at 1.4240. The first important support is the level of 1.4003.

Resistance Support
intraday intraweek intraday intraweek
1.4146 1.4270 1.4064 1.3830
1.4146 1.4400 1.3920 1.3700

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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