Mon, Nov 29, 2021 @ 11:34 GMT
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Daily Technical Analysis

EUR/USD

Current level – 1.1744

During yesterday’s trading session, the currency pair tested the support zone at 1.1680 but the bulls managed to prevail and the U.S. dollar lost quite a bit of ground against the single European currency, with the pair moving towards the resistance at 1.1750. At the time of writing, the EUR/USD is consolidating just below the mentioned level and the sentiment is rather positive – for a test of the next more significant resistance at 1.1780. In the negative direction, the first support lies at the aforementioned level of 1.1680.

Resistance Support
intraday intraweek intraday intraweek
1.1752 1.1817 1.1686 1.1450
1.1782 1.1847 1.1600 1.1300

USD/JPY

Current level – 110.36

The bulls took control over the market and the pair successfully violated the resistance zone at 110.20. If the Ninja continues to gain positions and successfully breaches the resistance at 110.40, an upward movement towards the next level at 110.70 will be the most likely scenario. However, if the resistance at 110.40 withstands the pressure of the bulls and limits the impulsive upward movement, then the pair would most probably make a corrective move towards the support at 110.00.

Resistance Support
intraday intraweek intraday intraweek
110.40 110.70 110.20 109.70
110.70 111.00 110.00 109.23

GBP/USD

Current level – 1.3730

The sterling appreciated against the U.S. dollar and reached the resistance at 1.3750. The bulls gained enough momentum and managed to gain control of the market and, at the time of writing, the pair is trading just below the mentioned significant resistance. A breach of this level would pave the way for the currency pair towards a test of the next resistance at 1.3800. If the bears enter the market and manage to breach the support at 1.3692, then a test of the next support level at 1.3600 will become likely.

Resistance Support
intraday intraweek intraday intraweek
1.3750 1.3850 1.3700 1.3500
1.3804 1.3870 1.3600 1.3450

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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