Thu, Sep 23, 2021 @ 06:45 GMT
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Daily Tecnical Analysis


Current level – 1.1790

During yesterday’s trading, the EUR/USD fell below the support zone at 1.1807 and, at the time of writing, the pair is still trading below the mentioned level. If the breach is confirmed, new losses and a continuation of the downward move for the euro against the greenback can be expected.. If the bears lose momentum, the first target for the bulls can be found at the resistance level of 1.1846, but only a successful violation of the zone at 1.1952 could lead to a change in the current sentiment. Today, investors will focus on the data for the change in initial jobless claims for the U.S. (12:30 GMT), which could lead to relatively large swings in both directions.

Resistance Support
intraday intraweek intraday intraweek
1.1807 1.1890 1.1760 1.1716
1.1850 1.1952 1.1750 1.1690


Current level – 110.44

The corrective move of the USD/JPY seems to be limited at the level of 110.44. At the time of writing this analysis, the currency pair is still testing the support zone at 110.44. Despite that, the corrective phase seems to be ending. If the aforementioned level is breached, the U.S. dollar will most likely continue to lose its value against the yen and target the level of 110.21. If the bulls re-enter the market, their first resistance would be the level of 110.79. Only a breach towards the zone at 111.03, however, would signal for a more sustained rally.

Resistance Support
intraday intraweek intraday intraweek
110.79 111.61 110.44 109.69
111.03 112.60 110.21 109.29


Current level – 1.3780

The Cable continues to trade close to the lower border of the zone between 1.3770 and 1.3862. A new test of the mentioned support at 1.3770 is quite likely, but only a successful breach of 1.3729 could lead to bigger losses for the sterling against the dollar and could help the pair reach the support at 1.3655, which is coming from the higher time frames. In the upward direction, а successful attack at the resistance zone of 1.3862 could easily lead to a rally towards the next targets at 1.3925 and 1.4001.

Resistance Support
intraday intraweek intraday intraweek
1.3862 1.4000 1.3770 1.3660
1.3925 1.4118 1.3730 1.3610

DeltaStock Inc.
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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