Thu, Sep 23, 2021 @ 06:58 GMT
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Daily Tecnical Analysis

EUR/USD

Current level – 1.1802

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

USD/JPY

Current level – 110.18

Market participants still cannot take a clear position as the currency pair is looking to form a narrow range between 109.50 – 110.60. A breach of either boundary of the range could give market participants the incentive necessary to steer the pair in a clearer direction.

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

GBP/USD

Current level – 1.3818

The pound continues to regain the lost ground against the U.S. dollar and, at the time of writing the analysis, it is trading just above the resistance zone at 1.3800. If this breach is confirmed, this could pave the way for an attack on the next resistance zone at 1.3894. This, in turn, could lead to a resumption of the upward movement towards the first significant resistance at 1.4000, and then towards the local highs at around 1.4200. In the negative direction, the main support remains 1.3739.

Resistance Support
intraday intraweek intraday intraweek
1.3857 1.3894 1.3800 1.3665
1.3894 1.3970 1.3739 1.3570

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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