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Daily Technical Report 17-7-2024

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EURUSD

EURUSD

The EUR/USD pair is trading below the 1.0910 level, and if it breaks above this level, we may target 1.0975. However, it is more likely to test the minor support area of 1.0875 in the upcoming trades.

Support

1.0875 1.0850 1.0820
Resistance 1.0910 1.0950

1.0975

GBPUSD

GBPUSD

The GBP/USD pair has dropped from the 1.3010 resistance area in previous trades. If it breaks above this level, we may target 1.3080. This scenario is invalidated if the minor support area of 1.2940 is broken.

Support

1.2940 1.2915 1.2860
Resistance 1.3010 1.3080

1.3120

USDJPY

USDJPY

The USD/JPY pair has rebounded from the support area of 157.40 upwards, reaching the resistance area of 158.80. If it breaks above this level, it may target the 159.75 area. However, it is more likely that prices will move sideways between 158.80 and 157.40 in today’s trading sessions.

Support

157.8 157.40
Resistance 158.80 159

159.75

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