Wed, Jun 23, 2021 @ 11:12 GMT
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Daily Tecnical Analysis

EUR/USD

Current level – 1.2156

An appreciation of the euro against the U.S. dollar towards 1.2270 can be expected if the resistance at 1.2172 is breached. However, at the time of writing this analysis, the volatility remains low. Due to this, it is possible for the currency pair to enter a consolidation phase in the range between 1.2065 and 1.2172 before the upward trend can continue. Only a breach of the critical support at 1.2065 would pave the way for the EUR/USD towards 1.1993. Today, investors’ attention will be focused on the data on the issued building permits in the U.S. (12:30 GMT).

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

USD/JPY

Current level – 109.19

The corrective phase is still in progress and it is expected for the pair to test the support at 108.94. If this support holds and the bulls enter the market, it is highly possible for the Ninja to attack the resistance at 109.68 on its way towards the level of 110.77.

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 – 1.4149

The corrective phase is still in progress and it is expected for the pair to test the support at 108.94. If this support holds and the bulls enter the market, it is highly possible for the Ninja to attack the resistance at 109.68 on its way towards the level of 110.77.

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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