HomeContributorsTechnical AnalysisDaily Tecnical Analysis

Daily Tecnical Analysis


Current level – 1.1858

The bears did not gain enough momentum to successfully violate the support zone at 1.1820. A breach coming from the bears at this level would strengthen the negative expectations for the future path of the pair towards a test of the support at 1.1760. If the buyers re-enter the market, the first resistance would lie at the level of 1.1904. If it gets breached, a rally towards the upper zone (between 1.1955 and 1.2129) is a highly probable scenario. This week, investors’ focus will mainly fall on the announcement of the ISM non-manufacturing data (Tuesday; 13:45 GMT).

Resistance Support
intraday intraweek intraday intraweek
1.1900 1.2130 1.1850 1.1760
1.1955 1.2237 1.1760 1.1690


Current level – 111.12

At the time of writing this analysis, the downward movement from the last trading session was limited by the support level at 111.02. In case the USD/JPY continues its upward movement, it may be expected that the pair will test the resistance at 111.61. If the bears enter the market once again and successfully breach the support at 111.02, then the pair will most probably consolidate in the range between 110.43 – 111.02.

Resistance Support
intraday intraweek intraday intraweek
111.60 112.60 111.01 110.43
112.20 113.60 110.74 109.80


Current level – 1.3824

During Friday’s trading session, we witnessed a depreciation of the U.S. dollar against the sterling after the support zone at 1.3732 was not breached. This could be considered as a corrective move and only a breach of this level would confirm the negative expectation of market participants and head the pair towards the next support at 1.3660. In the upward direction, the main resistance remains the level of 1.3870.

Resistance Support
intraday intraweek intraday intraweek
1.3870 1.3980 1.3800 1.3660
1.3932 1.4078 1.3730 1.3610

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.

Featured Analysis

Learn Forex Trading