Stoyan Mihaylov
DeltaStock.com
- EUR/USD
Current level - 1.0857
Yesterday's break through 1.0840 dynamic resistance signals a reversal at 1.0802 and the outlook is already bullish, for a rise towards 1.1060. Initial intraday support is projected at 1.0840.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.0900 | 1.1060 | 1.1060 | 1.1310 |
| Support | 1.0840 | 1.0710 | 1.0640 | 1.0513 |
__________
- USD/JPY
Current level - 118.10
The recent dip below 117.37 signals a negative outlook, for a slide towards 116.20 area. Key resistance lies at 118.35.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 118.80 | 120.20 | 120.20 | 122.30 |
| Support | 117.25 | 116.20 | 116.20 | 116.20 |
__________
GBP/USD
Current level - 1.4398
Still in the corrective pattern below 1.4500 resistance and the overall outlook remains bearish, for an attack towards 1.4240.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4500 | 1.4640 | 1.4790 | 1.4950 |
| Support | 1.4350 | 1.4240 | 1.4240 | 1.4000 |
__________
| DATE | ORDER | ENTRY | SL | TP1 | TP2 | |
| EUR/USD | January 6 | SELL MKT | 1.0733 | 1.0790 | 1.0650 | --- |
| USD/JPY | January 4 | SELL MKT | 118.99 | 119.70 | 118.10 | --- |
| GBP/USD | January 6 | SELL MKT | 1.4652 | 1.4730 | 1.4580 | --- |
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
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