Thu, Sep 23, 2021 @ 05:59 GMT
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Daily Tecnical Analysis

EUR/USD

Current level – 1.1875

During the last trading session for the previous week, the currency pair managed to breach and stay above the resistance level of 1.1846. At the start of the new week, the forecasts are for the pair to test and violate the next resistance level of 1.1891, which could pave the way towards the main resistance at 1.1952. In the negative direction, the first support level lies at 1.1800. This week, investors’ attention will be focused on the data on the initial jobless claims for the U.S. (Thursday; 12:30 GMT) and the CPI for the EU (Friday; 09:00 GMT).

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

USD/JPY

Current level – 110.08

Following the strong sell-off, the currency pair found support at the level of 109.70 at the end of last week and, at the time of writing the analysis, it is found in a corrective phase. The expectations are for the pair to test the resistance level of 110.21. If the test turns out to be successful, then the next resistance level of 110.44 would probably get tested as well. In the negative direction, the first support is found at the previously mentioned level of 109.70.

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 – 1.3905

At the end of last week, the currency pair violated the resistance level of 1.3862 and, at the time of writing, it is headed towards a test of the next resistance level of 1.3925. If the bulls fail to gain enough momentum, then it is possible for the pair to enter a consolidation phase. In the negative direction, the former resistance level of 1.3862 is now acting as a support. This week, investors’ attention will be focused on the data on the CPI for the UK (Wednesday; 06:00 GMT) and on the Claimant count employment change, again for the UK (Thursday; 06:00 GMT).

Resistance Support
intraday intraweek intraday intraweek
1.3925 1.4000 1.3860 1.3660
1.4000 1.4118 1.3770 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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