According to Fort Financial Services analysts: the 4-hour graph showed that the pair EUR/USD is consolidating with a growth tendency. After the unsuccessful attempt to develop the downward move up to the support at 1.0925, the pair started to trade towards north. By the end of Thursday’s trading the pair reached the resistance level at 1.1050.
The bulls will maintain the initiative if they break through the resistance at 1.1050. Their target will be 1.1150 and 1.1260.
The bears will regain the leadership if they break through the support at 1.0925. Their target will be 1.0800.
On the 4-hour graph, the pair GBP/USD was traded above the support at 1.3920. The bears numerously tested this level but did not manage to overpass it. Towards the end of trading the pair grew and tested the resistance at 1.4000, however it ended the session below this level.
The bulls will keep their leadership if they overpass the resistance level at 1.4000. Their target will be 1.4080 and 1.4160.
The bears will regain the initiative if they overpass the support at 1.3920. Their target will be 1.3840.
On the 4-hour graph the pair USD/JPY is correcting upwards. The pair rebounded from the minimums at 111.40 and overpassed the resistance at 112.20. The increase continued and the bulls then managed to test the resistance at 113.00. The analysts from FortFS pointed out that the pair closed the trades below this level.
The bulls will maintain the leadership if they break through 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 and 110.60.
Read the full review on our site:
№1 Forex Bonus that guarantees to protect your funds during drawdowns and gives +100% to the deposit! Take advantage of the bonus and get the following benefits: +100% to the deposit! 100% drawdown protection No expiration period
Share with others how you trade with FortFS during quarantine and get 50 USD. Works are accepted from 02 to 12 April, 2020 in photo or video format. Authors of 10 most creative works will get money prizes. Preference will be given to funny, interesting and original works in good quality.