Thu, Jan 27, 2022 @ 13:48 GMT
HomeContributorsTechnical AnalysisDaily Technical Analysis

Daily Technical Analysis

EUR/USD

Current level – 1.217

The dollar continues to appreciate against the common European currency and has reached a local bottom at 1.1185. At the time of writing, the currency pair is trading in a consolidation phase in the zone between 1.1185 and 1.1230. The expectations are for the pair to retest the support at 1.1185, and to possibly head towards 1.1125. In the positive direction, the first resistance lies at 1.1230.

Resistance Support
intraday intraweek intraday intraweek
1.1230 1.1365 1.1180 1.1125
1.1287 1.1461 1.1125 1.1060

USD/JPY

Current level – 114.96

The currency pair entered a corrective phase following the unsuccessful attempt at breaching the resistance at 115.50 and, at the time of writing, it is confirming a breach of the support level of 114.89. If the breach doesn’t happen, then the correction could develop further and the pair could move towards the support zone at 114.20. In case the support at 114.89 manages to withstand the bearish attack, then the uptrend should be restored and the Ninja should head towards another test of 115.50.

Resistance Support
intraday intraweek intraday intraweek
115.20 116.50 114.20 114.20
115.50 117.00 113.75 113.75

GBP/USD

Current level – 1.3302

During yesterday’s trading session, the breach of 1.3350 was confirmed and the Cable is now headed towards a test of the next support level at 1.3300. A breach of this support would boost the negative sentiment and pave the way for the pair towards 1.3200. In case the support level of 1.3300 manages to withstand the bearish pressure, then the pair would probably enter a correction phase, which should remain limited below the resistance level of 1.3500.

Resistance Support
intraday intraweek intraday intraweek
1.3350 1.3500 1.3300 1.3200
1.3400 1.3550 1.3200 1.3060

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.

Featured Analysis

Learn Forex Trading