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Daily Technical Analysis

EUR/USD

Current level – 1.1806

At the time of writing, the currency pair is consolidating around the level of the psychological resistance at 1.1800. A confirmation of the breach will pave the way for a test of the next significant resistance zone at around 1.1893, but before that, the bulls will need to overcome the minor resistance at 1.1830. The main support remains at around 1.1700. Today, there is no expected economic news and statements that will affect the market.

Resistance Support
intraday intraweek intraday intraweek
1.1800 1.1890 1.1770 1.1670
1.1830 1.1890 1.1746 1.1600

USD/JPY

Current level – 109.81

The situation with the Ninja remains unchanged after the unsuccessful breach of the support zone at 109.73 from the previous trading session. The currency pair continues to trade in the narrow range between 109.48 – 110.18 and only a breach of one of the boundaries of the channel could determine a clearer direction for the USD/JPY.

Resistance Support
intraday intraweek intraday intraweek
110.18 110.52 109.73 109.11
110.52 111.00 109.48 108.74

GBP/USD

Current level – 1.3761

At the time of writing, the consolidation around the resistance level at 1.3765 is not violated, with the most likely scenario being for an attempt to overcome the mentioned level. However, if the dollar manages to gain some positions against the British pound, we may witness a new depreciation towards the support zone at 1.3723, followed by the zone at 1.3600.

Resistance Support
intraday intraweek intraday intraweek
1.3800 1.3880 1.3723 1.3567
1.3880 1.3939 1.3600 1.3508

DeltaStock Inc.
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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