Stoyan Mihaylov
DeltaStock.com
- EUR/USD
Current level - 1.0814
Although the intraday bias is negative, my outlook is counter-trend, for a reversal and break through 1.0920 crucial high, towards 1.0984 hurdle. Support is projected at 1.0770.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.0920 | 1.0985 | 1.1060 | 1.1310 |
| Support | 1.0770 | 1.0710 | 1.0640 | 1.0513 |
__________
- USD/JPY
Current level - 118.15
The intraday bias is positive, as the pair is heading for a test of 118.80 resistance. Key support is projected at 117.40.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 118.80 | 120.20 | 120.20 | 122.30 |
| Support | 117.40 | 116.50 | 115.70 | 113.60 |
__________
GBP/USD
Current level - 1.4234
Yesterday's dip to 1.4080 signals a reversal of a higher magnitude and my outlook here is already bullish, for a break through 1.4240, en route to 1.4360 and 1.4500 later on.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4240 | 1.4365 | 1.4790 | 1.4950 |
| Support | 1.4185 | 1.4080 | 1.4000 | 1.4000 |
__________
| DATE | ORDER | ENTRY | SL | TP1 | TP2 | |
| EUR/USD | January 22 | BUY MKT | 1.0814 | 1.0760 | 1.0970 | --- |
| USD/JPY | January 22 | --- | --- | --- | --- | --- |
| GBP/USD | January 22 | BUY MKT | 1.4242 | 1.4140 | 1.4460 | --- |
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, Deltastock’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. Deltastock 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. Deltastock 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Deltastock AD is fully licensed and regulated under MiFID. The company is regulated and authorised by the Financial Supervision Commission (FSC), Bulgaria, Reg. No. RG-03-01
Recommended Content
Editors’ Picks
EUR/USD fluctuates near 1.0700 after US data
EUR/USD stays in a consolidation phase at around 1.0700 in the American session on Wednesday. The data from the US showed a strong increase in Durable Goods Orders, supporting the USD and making it difficult for the pair to gain traction.
USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom
USD/JPY is renewing a multi-decade high, closing in on 155.00. Traders turn cautious on heightened risks of Japan's FX intervention. Broad US Dollar rebound aids the upside in the major. US Durable Goods data are next on tap.
Gold stays in consolidation above $2,300
Gold finds it difficult to stage a rebound midweek following Monday's sharp decline but manages to hold above $2,300. The benchmark 10-year US Treasury bond yield stays in the green above 4.6% after US data, not allowing the pair to turn north.
Worldcoin looks set for comeback despite Nvidia’s 22% crash Premium
Worldcoin price is in a better position than last week's and shows signs of a potential comeback. This development occurs amid the sharp decline in the valuation of the popular GPU manufacturer Nvidia.
Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium
While it is hard to predict when geopolitical news erupts, the level of tension is lower – allowing for key data to have its say. This week's US figures are set to shape the Federal Reserve's decision next week – and the Bank of Japan may struggle to halt the Yen's deterioration.