Stoyan Mihaylov
DeltaStock.com
- EUR/USD
Current level - 1.0881
Friday's peak at 1.0982 signals a negative bias, for a break through 1.0840 crucial support, towards 1.0770 and 1.0710. Intraday resistance lies at 1.0930.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.0930 | 1.1060 | 1.1060 | 1.1310 |
| Support | 1.0840 | 1.0710 | 1.0640 | 1.0513 |
__________
- USD/JPY
Current level - 117.31
The recent low at 116.50 sets the beginning of a rebound, currently challenging 117.40 resistance. I favor a break through the latter to provoke a rise towards 118.80.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 117.40 | 118.80 | 120.20 | 122.30 |
| Support | 116.50 | 116.20 | 116.20 | 116.20 |
__________
GBP/USD
Current level - 1.4308
The downtrend here has reached the target area at 1.4240 and currently a consolidation pattern is underway, aiming for a test of 1.4365 resistance. The latter is expected to cap the upside, for another leg downwards, to 1.4000 sentiment area.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4365 | 1.4500 | 1.4790 | 1.4950 |
| Support | 1.4290 | 1.4240 | 1.4240 | 1.4000 |
__________
| DATE | ORDER | ENTRY | SL | TP1 | TP2 | |
| EUR/USD | January 18 | SELL MKT | 1.0881 | 1.0940 | 1.0770 | --- |
| USD/JPY | January 18 | BUY MKT | 117.31 | 116.80 | 118.80 | --- |
| GBP/USD | January 18 | SELL LMT | 1.4340 | 1.4400 | 1.4040 | --- |
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 holds gains near 1.0650 amid risk reset
EUR/USD is holding onto its recovery mode near 1.0650 in European trading on Friday. A recovery in risk sentiment is helping the pair, as the safe-haven US Dollar pares gains. Earlier today, reports of an Israeli strike inside Iran spooked markets.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD is rebounding toward 1.2450 in early Europe on Friday, having tested 1.2400 after the UK Retail Sales volumes stagnated again in March, The pair recovers in tandem with risk sentiment, as traders take account of the likely Israel's missile strikes on Iran.
Gold price defends gains below $2,400 as geopolitical risks linger
Gold price is trading below $2,400 in European trading on Friday, holding its retreat from a fresh five-day high of $2,418. Despite the pullback, Gold price remains on track to book the fifth weekly gain in a row, supported by lingering Middle East geopolitical risks.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Geopolitics once again take centre stage, as UK Retail Sales wither
Nearly a week to the day when Iran sent drones and missiles into Israel, Israel has retaliated and sent a missile into Iran. The initial reports caused a large uptick in the oil price.