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TECHNICAL ANALYSIS MAR.29

Euro

According to the analysts from Fort Financial Services, at the beginning of the week the pair EUR/USD has grown. Earlier, the pair decreased. On the 4-hour time-frame: after reaching the support at 1.1150, the price tested it and then consolidated above it. Towards the end of trading, the euro currency strengthened against the US dollar.

The bulls will maintain the initiative if they break through the resistance at 1.1260. Their target will be 1.1350.

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

technical_eurusd_29_03_2016

Pound

On the 4-hour chart, the pair GBP/USD was traded below 1.4160. This level was tested. Towards the end of trading, the pair was influence by the bulls and confidently overpassed the resistance at 1.4160. The pair showed further growth and tested the level of 1.4240.

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

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

technical_gbpusd_29_03_2016

Yen

The pair USD/JPY reached the maximum at 113.80 on the H4 chart. However, the bulls did not manage to develop the movement further to north and the price rolled back. Nevertheless, the analysts from FortFS said that the price did not reach the support at 113.00 and the trades ended slightly above this level.

The bulls will regain the initiative if they break through the resistance at 113.80. Their target will be 114.60 and 115.40.

The bears will maintain the initiative if they break through the support at 113.00. Their target will be 112.20 and 111.40.

technical_usdjpy_29_03_2016

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