TRENDING:

XAU/USD

Silver

EUR/USD: 1.2540 hurdle should provoke a pullback towards 1.2390

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.2490

The sharp reversal at 1.2270 led to a break through 1.2390 peak and currently the pair is heading for a test of 1.2540 peak. Initial pullback is expected, to 1.2390 area.

resistance
intraday	intraweek
1.2540	1.2540
1.2540	1.2870

support
intraday	intraweek
1.2460	1.2210
1.2390	1.2090

resistance

intraday

intraweek

1.2540

1.2870

support

intraday

intraweek

1.2460

1.2210

1.2390

1.2090

USD/JPY Current level - 106.44

The bias remains bearish, for a slide to 105.90-40 area. Crucial on the upside is 107.50.

resistance
intraday	intraweek
107.50	111.90
109.70	113.40

support
intraday	intraweek
105.90	105.90
105.40	105.40

resistance

intraday

intraweek

107.50

111.90

109.70

113.40

support

intraday

intraweek

105.90

105.40

GBP/USD Current level - 1.4055

The break through 1.3920 points to another test of 1.4090 hurdle and an eventual break through the later will challenge 1.4280. Initial intraday support lies at 1.3920.

resistance
intraday	intraweek
1.4090	1.4280
1.4175	1.4340

support
intraday	intraweek
1.3920	1.3760
1.3760	1.3620

resistance

intraday

intraweek

1.4090

1.4280

1.4175

1.4340

support

intraday

intraweek

1.3920

1.3760

1.3620

Author

Stoyan Mihaylov

DeltaStock.com

Stoyan Mihaylov, 42 years old, a Financial Analyst at Deltastock Inc, has an sixteen-year background as a senior FX Dealer, trading spot and outright forwards.

EUR/USD extends its optimism past 1.1900

EUR/USD retains a firm underlying bid, surpassing the 1.1900 mark as the NA session draws to a close on Monday. The pair’s persistent uptrend comes as the US Dollar remains on the defensive, with traders staying cautious ahead of upcoming US NFP prints and CPI data.

GBP/USD hits three-day peaks, targets 1.3700

GBP/USD is clocking decent gains at the start of the week, advancing to three-day highs near 1.3670 and building on Friday’s solid performance. The better tone in the British Pound comes on the back of the intense sekk-off in the Greenback and despite re-emerging signs of a fresh government crisis in the UK.

Gold picks up pace, retargets $5,100

Gold gathers fresh steam, challenging daily highs en route to the $5,100 mark per troy ounce in the latter part of Monday’s session. The precious metal finds support from fresh signs of continued buying by the PBoC, while expectations that the Fed could lean more dovish also collaborate with the uptick.

XRP struggles around $1.40 despite institutional inflows

Ripple (XRP) is extending its intraday decline to around $1.40 at the time of writing on Monday amid growing pressure from the retail market and risk-off sentiment that continues to keep investors on the sidelines.

Japanese PM Takaichi nabs unprecedented victory – US data eyed this week

I do not think I would be exaggerating to say that Japanese Prime Minister Sanae Takaichi’s snap general election gamble paid off over the weekend – and then some. This secured the Liberal Democratic Party (LDP) an unprecedented mandate just three months into her tenure.