Stoyan Mihaylov
DeltaStock.com
- EUR/USD
Current level - 1.1387
Friday's sell-off from 1.1440 high signals a more pronounced corrective pullback and there is still a risk of a dip towards 1.1300 support area before another leg upwards, to 1.1500 hurdle.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.1440 | 1.1494 | 1.1494 | 1.1494 |
| Support | 1.1300 | 1.1235 | 1.1057 | 1.0820 |
__________
- USD/JPY
Current level - 111.48
The pair broke through 1.1200 lows and the bias remains bearish, for a slide towards 110.65 low. An eventual corrective rebound should be limited below 112.00 resistance and crucial on the upside is 112.45 high.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 112.00 | 112.45 | 114.54 | 115.17 |
| Support | 111.32 | 110.65 | 110.65 | 108.40 |
__________
-
GBP/USD
Current level - 1.4210
The recent break through 1.4300 static support led to a massive slide all the way down to 1.4180 area and the outlook remains negative, for a further depreciation towards 1.4050. Initial resistance lies at 1.4250 and crucial on the upside is 1.4300 area.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4250 | 1.4300 | 1.4513 | 1.4670 |
| Support | 1.4180 | 1.4050 | 1.4050 | 1.3824 |
__________
| DATE | ORDER | ENTRY | SL | TP1 | TP2 | |
| EUR/USD | March 31 | BUY MKT | 1.1333 | 1.1280 | 1.1490 | --- |
| USD/JPY | March 31 | SELL MKT | 112.45 | 113.10 | 110.80 | --- |
| GBP/USD | March 31 | BUY MKT | 1.4340 | 1.4280 | 1.4650 | --- |
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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