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TECHNICAL ANALYSIS MAR.18

Euro

According to the analysts from Fort Financial Services, the pair EUR/USD continues to grow on the 4-hour time-frame. After the confident breakthrough of the level 1.1150 the bulls overpassed the resistance at 1.1260. The growth impulse let the price to approach the level 1.1350. The growth stopped slightly below this level.

The bulls will maintain the initiative if they break through the resistance at 1.1350. Their target will be 1.1450.

The bears will regain the leadership if they break through the support at 1.1260. Their target will be 1.1150 and 1.1050.

technical_eurusd_18_03_2016

Pound

The pair GBP/USD shows a stable growth on the 4-hour chart. After breaking through 1.4240 trading took place above this level. Then, the pair obtained a bullish impulse. Towards the end of trading, when the levels 1.4320 and 1.4400 were overpassed, the price tested a resistance at 1.4480.

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

The bears will regain the initiative if they break through the support at 1.4400. Their target will be 1.4320 and 1.4240.

technical_gbpusd_18_03_2016

Yen

USD/JPY continues to decline. Having rebounded from the maximum near 113.80 the price moved downwards and overpassed the level 113.00. The support at 112.20 did not restrain the decrease and the price went down to 111.40. On the way down it tested the level 110.60. The analysts from FortFS said that the trades were closed near 111.40.

The bulls will regain the initiative if they break through the resistance at 112.20. Their target will be 113.00 and 113.80.

The bears will maintain the initiative if they break through the support at 111.40. Their target will be 110.60.

technical_usdjpy_18_03_2016

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