Sat, Nov 27, 2021 @ 11:29 GMT
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Daily Technical Analysis


Current level – 1.1602

Sellers prevailed during yesterday’s session and the EUR/USD dropped to the lowest levels since November 2020 and tested the support at 1.1600. During the early hours of today`s trading, the pair is trading steadily around the mentioned zone. If the breach is confirmed, this could easily lead to new losses for the common european currency against the greenback and could continue the bearish trend towards the support zone at 1.1521. In the upward direction, if bulls re-enter the market, the correction should be limited to the first resistance level at 1.1686. Today, the investors` attention will be focused on the announcement of the data for Initial Jobless Claims in the USA (13:30 GMT).

Resistance Support
intraday intraweek intraday intraweek
1.1686 1.1752 1.1600 1.1520
1.1708 1.1782 1.1450 1.1410


Current level – 111.81

After the rally of the USD/JPY was limited to the last resistance at 112.00, the currency pair is holding steadily just below the mentioned level. If bulls remain in control and the level at 112.00 is breached, it is highly probable that we will witness new gains for the dollar against the yen. If buyers lose momentum, bears could lead the pair to a test of the support at 111.63. However, only a successful breach of the target at 110.00 could lead to a change of the current sentiment of the market participants.

Resistance Support
intraday intraweek intraday intraweek
112.00 112.60 111.63 110.77
112.30 113.50 110.01 110.00


Current level – 1.3448

The sell-off for the GBP/ USD continues and the pair tested the support zone at 1.3422. A breach of the aforementioned will most likely deepen the decline towards the zone at 1.3360, coming from the higher time frames and would strengthen negative expectations for the future path of the currency pair. Better than expected data for UK’s GDP (today;06:00 GMT) could help buyers to lead the GBP/USD to a test of the first resistance zone at 1.3520. Successful breakthrough would pave the way to the next target at 1.3609.

Resistance Support
intraday intraweek intraday intraweek
1.3520 1.3676 1.3422 1.3400
1.3609 1.3752 1.3400 1.3250

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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