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TECHNICAL ANALYSIS MAR.24

Euro

The analysts from Fort Financial Services informed that on the 4-hour chart, the pair EUR/USD continued to decline. The currency instrument was traded below 1.1260 which was overpassed downwards. Nevertheless, the drop was restricted by 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_24_03_2016

Pound

The pair BGP/USD continues to lose its positions. On the H4 chart, the drop stopped after breaking through 1.4240. During Wednesday’s trades, the bears pushed through the support at 1.4160 and tested the level of 1.4080. The trades were ended above this level.

The bulls will regain the initiative if they break through the resistance at 1.4160. Their target will be 1.4240 and 1.4320.

The bears will maintain the leadership if they break through the support at 1.4080. Their target will be 1.4000 and 1.3920.

technical_gbpusd_24_03_2016

Yen

The growth of USD/JPY was stopped. This week, the currency instrument broke through 112.20. On the 4-hour time-frame, the growth stopped slightly below resistance at 113.00. The analysts from FortFS said that the price rolled down from the reached maximums.

The bulls will regain the initiative if they break through the resistance at 113.00. Their target will be 113.80 and 114.60.

The bears will maintain the initiative if they break through the support at 112.20. Their target will be 111.40 and 110.60.

technical_usdjpy_24_03_2016

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