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Technical Analysis Feb.22

Euro

The 4-hour graphs shows that after a week of decreasing, the pair EUR/USD is now slightly stronger. According to the analysts from Fort Financial Services the session ended just below the resistance at 1.1150.

The bulls will maintain their leadership if they break through the resistance at 1.1150. Their target will be 1.1260 and 1.1350.

The bears will regain the initiative if they break through the support at 1.1050. Their target will be 1.0925 and 1.0800.

technical_eurusd_22_02_2016

Pound

The the 4-hour graph shows that the British currency has significantly increased against the US dollar and overpassed the resistance at 1.4320. Once again, the bears could not break through the strong support at 1.4240 which restricts from any further drop.

The bulls will keep the leadership if they break through the resistance at 1.4400. Their target will be 1.4480 and 1.4560.

The bears will regain the initiative if they break through the support at 1.4320. Their target will be 1.4240 and 1.4160.

technical_gbpusd_22_02_2016

Yen

The data from the 4-hour graph shows a development of the downward trend for the pair USD/JPY. The analysts from FortFS say that the decrease stopped near the support at 112.20 and the price slightly increased.

The bulls will manage to keep the leadership if they overpass the resistance at 113.00. Their target will be 113.80 and 114.60.

The bears will regain the initiative if they overpass the support at 112.20. Their target will be 111.40.

technical_usdjpy_22_02_2016

You may find the market review on the website:
https://www.fortfs.com

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