According to the picture of the 4-hour graph, the pair EUR/USD has sharply dropped after consolidating with the growth tendency. As the analyst from Fort Financial Services said, during the trades at the end of the week, for a short-time, the bulls broke through the resistance at 1.1050. Afterwards, the bears brought the euro currency back to the support at 1.0925 where the trades ended.
The bulls will regain the leadership if they break through the resistance at 1.1050. Their target will be 1.1150 and 1.1260.
The bears will maintain the initiative if they overpass the support at 1.0925. Their target will be 1.0800.
On the 4-hour graph the pair GBP/USD was traded with the tendency to grow from the support at 1.3920. The pound bulls attempted to break through the resistance at 1.4000. However, towards the end of Friday’s trades the dollar has sharply increased against the sterling and the pair crashed breaking through the support at 1.3920.
The bulls will regain the initiative if they overpass the resistance at 1.3920. Their target will be 1.4000 and 1.4080.
The bears will keep the leadership if they break through the support at 1.3840. Their target will be 1.3760.
The upwards movement of the pair USD/JPY on the 4-hour graph continues. The pair’s growth stopped near resistance at 113.00. Nevertheless, at the end of trading, the bulls confidently passed through this level. According to the analyst from FortFS, at the end of trading the price came up to 113.80.
The bulls will maintain the initiative if they break through the resistance at 113.80. Their target will be 114.60 and 115.40.
The bears will regain the initiative if they break through the support at 113.00. Their target will be 112.20 and 111.40.
You may find the market review on the website:
Only from November 02nd, 2020, to January 04th, 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 […]
Only from 23 to 25 of November, the largest no deposit bonus 100 USD is available for all Forex traders! 🏆 Bonus details: 100 USD maximum withdrawal 75 lots of required trading turnover 2 weeks to try all of the trading conditions Available for cent accounts 📍 How to get the bonus: 1) Register an […]