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Technical Analysis FEB.26

Euro

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.

technical_eurusd_26_02_2016

Pound

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.

technical_gbpusd_26_02_2016

Yen

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.

technical_usdjpy_26_02_2016

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