Thu, Sep 23, 2021 @ 06:35 GMT
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Daily Tecnical Analysis

EUR/USD

Current level – 1.1859

During yesterday’s trading session, the pair managed to stay above the support level of 1.1846, which is a bullish signal and the forecasts are for the EUR/USD to rise and test the resistance level of 1.1904. In the negative direction, the first support is found at the previously mentioned level of 1.1846. Today, investors’ attention will be focused on the announcement of the ISM non-manufacturing data for the U.S. (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

USD/JPY

Current level – 110.85

In the first trading session for the week, the currency pair breached the support level of 111.02 and it is expected to enter a consolidation phase, limited by the important support level of 110.43. In the positive direction, the first resistance is found at the level of 111.02.

Resistance Support
intraday intraweek intraday intraweek
111.02 112.60 110.74 110.43
111.60 113.60 110.43 109.80

GBP/USD

Current level – 1.3856

The sterling continues to appreciate against the dollar and, at the time of writing, the currency pair is confirming the breach of the level at 1.3870, which is the main resistance. If confirmed, the breach would lead the pair towards a test of the next levels of 1.3932 and 1.3979. In the negative direction, the first support lies at the level of 1.3798. Today, the PMI construction data for the UK (07:30 GMT) could lead to a rise in volatility.

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

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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