The 4-hour tome-frame shows that bearish influence dominates in the pair EUR/USD. According to the analysts from Fort Financial Services, on their way down, quotations of the currency instrument have gone through support at 1.1150.
Bulls will return the leadership if they break through resistance at 1.1150. Their target willbe 1.1260 and 1.1325.
Bears will maintain the initiative if they break through support at 1.1050. Their target will be 1.0925 and 1.0790.
According to the 4-hour graph, the British currency is traded under pressure against the US dollar. From the beginning of the new trading week bears maintain the initiative in the currency pair. During the drop of the pair GBP/USD the price overpassed support at 1.5390. Bulls will manage to bring back their leadership if they break through resistance at 1.5390.
Their target will become 1.5460 and 1.5550.
Bears will keep their initiative if they overpass support at 1.5300. Their target will become 1.5200 and 1.5100.
As the 4-hour graph shows, happened a rapid drop in quotes of the currency instrument USD/JPY breaking through support at 120.40. Towards the end of the trading day it could beobserved that the pair was traded with a slight price increase, which analysts from FortFS confirm.
Bulls will keep their leadership if they pass through resistance at 120.40. Their target will be 121.60 and 122.40.
Bears will return the initiative if they pass through support at 119.20. Their target will be 118.40 and 117.80.
You may find the market review on the website: https://www.fortfs.com/en/analytics
Only from April 12, 2021, to May 14, 2021, Deposit Bonus 200% is available for all FortFS clients! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus of […]
FortFS wishes all traders a Happy Chinese New Year! Only from February 8 to March 12, 2021, we reduce spreads for the 4 most popular trading pairs. New values*: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 *These values are valid only for FLEX accounts Hurry up to take advantage of the offer! Learn more about spreads: https://www.fortfs.com/clients/specifications