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TECHNICAL ANALYSIS MAR.23

Euro

According to the analysts from Fort Financial Services, there is a development of the downward movement of the pair EUR/USD. After testing the resistance at 1.1260 the pair dropped. The pair is currently traded above the support at 1.1150.

The bulls will regain the leadership if they break through the resistance at 1.1260.Their target will be 1.1350 and 1.1450.

The bears will maintain the initiative if they break through the support at 1.1150. Their target will be 1.1050 and 1.0925.

technical_eurusd_23_03_2016

Pound

The GBP/USD quotes dropped sharply. The price tested the resistance at 1.4400 and dropped, it overpassed the support at 1.4320 confidently . The pair continued its downward movement and broke through the support near 1.4240 reaching new minimums.

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

The bears will maintain the leadership if they break through the support at 1.4160. Their target will be 1.4080 and 1.4000.

technical_gbpusd_23_03_2016

Yen

The currency instrument USD/JPY was traded in an upwards direction. The price tested the resistance at 112.20 and decreased reaching the support at 111.40. However, the impulse was not developed and the pair went up. Resistance at 112.20 was overpassed. As the analysts from FortFS said, trades were ended above this level.

The bulls will maintain the initiative 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 break through the support at 111.40. Their target will be 110.60.

technical_usdjpy_23_03_2016

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