Thu, Sep 23, 2021 @ 06:46 GMT
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Daily Tecnical Analysis

EUR/USD

Current level – 1.1835

After the euro’s depreciation against the dollar during the previous sessions and the fleeting breach of the support at 1.1800, the bulls managed to limit the sell-off, which led to a correction. The consolidation around the level of 1.1846 could continue and a test of the resistance zone at 1.1891 is not excluded. Judging by the higher time frames, the negative expectations for a deeper sell-off are still intact and a move towards the support area at 1.1700 is still probable. There is no economic news foreseen today that could affect the currency pair’s volatility, with the exception of the OPEC and G20 meetings.

Resistance Support
intraday intraweek intraday intraweek
1.1850 1.1950 1.1800 1.1750
1.1890 1.2130 1.1750 1.1716

USD/JPY

Current level – 109.88

After the euro’s depreciation against the dollar during the previous sessions and the fleeting breach of the support at 1.1800, the bulls managed to limit the sell-off, which led to a correction. The consolidation around the level of 1.1846 could continue and a test of the resistance zone at 1.1891 is not excluded. Judging by the higher time frames, the negative expectations for a deeper sell-off are still intact and a move towards the support area at 1.1700 is still probable. There is no economic news foreseen today that could affect the currency pair’s volatility, with the exception of the OPEC and G20 meetings.

Resistance Support
intraday intraweek intraday intraweek
110.21 110.79 109.70 108.50
110.44 111.03 109.00 107.50

GBP/USD

Current level – 1.3770

The consolidation around the support zone at 1.3770 continues and this might be the beginning of a range phase within the channel between 1.3729 – 1.3862. At the moment, neither the bulls nor the bears are able to gain enough momentum to establish themselves on the market and set a clearer direction. With the possible superiority of the bears and a successful breach of the support zone at 1.3670, it is possible to witness an additional sell-off and a reversal of the positive trend. Today, the data on manufacturing production in the UK (06:00 GMT) could affect the volatility of the currency pair.

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