Thu, Sep 23, 2021 @ 05:02 GMT
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Daily Tecnical Analysis


Current level – 1.1768

Last week, neither the bears nor the bulls gained enough momentum to successfully violate either border of the range between 1.1759 and 1.1805. During the early hours of today`s trading, the pair is hovering just above the level at 1.1759 and a new test is the most probable scenario. A breach here would strengthen the negative expectations for the future path of the EUR/USD and would easily deepen the sell-off towards the support level at 1.1717. The first target for the buyers is still the level of 1.1805, followed by the resistance zone at 1.1850. This week, investors’ attention will be focused on the consumer confidence data for the U.S. (Tuesday; 14:00 GMT), the announcement of the Fed’s Interest Rate Decision (Wednesday; 18:00 GMT), and the data for the unemployment claims (Thursday; 12:30 GMT).

Resistance Support
intraday intraweek intraday intraweek
1.1805 1.1879 1.1760 1.1690
1.1849 1.1944 1.1717 1.1600


Current level – 110.37

The recovery of the greenback against the yen continues and the currency pair has breached the resistance zone at 110.30. If the bulls continue to prevail, a successful test of the important target at 110.60 would easily pave the way for USD/JPY towards the level of 111.12 and would strengthen the positive expectations of the market participants. In the other direction, if the currency pair does not hold its positions above the mentioned level at 110.30 and a corrective phase develops, the drop should be limited to the support level at 109.72.

Resistance Support
intraday intraweek intraday intraweek
110.60 111.12 110.30 109.53
111.12 111.61 109.72 108.55


Current level – 1.3753

The Sterling recovered some of its recent losses against the dollar and the Cable is consolidating above the resistance zone at 1.3739. A successful violation of the next target at 1.3800 could easily lead to new gains and would help the bulls return the pair back to the range between 1.3800 and 1.3894. If the bears re-enter the market, we could witness a sell-off towards the support zone at 1.3665, where a breach could end the positive retracement phase and target the lows at 1.3570.

Resistance Support
intraday intraweek intraday intraweek
1.3800 1.3857 1.3739 1.3570
1.3857 1.3894 1.3665 1.3450

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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