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 edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.