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TECHNICAL ANALYSIS MAR.30

Euro

The analysts from Fort Financial Services informed that: towards the end of Tuesday trades the monetary instrument EUR/USD showed a confident growth. It should be pointed out that on the H4 time-frame the pair formed a consolidation above support at 1.1150. The pair then sharply increased and overpassed the resistance at 1.1260.

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_30_03_2016

Pound

The 4-hour chart showed a sharp increase for the pair GBP/USD. The pair trades were held above 1.4240. Attempts to push this level down were unsuccessful. The price jumped from this level upwards. The bulls overpassed the resistance at 1.4320 and brought the price to 1.4400.

The bulls will maintain their leadership if they break through the resistance at 1.4400. Their target will be 1.4480 and 1.4560.

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

technical_gbpusd_30_03_2016

Yen

On the 4-hour time-frame, the trades of the pair USD/JPY were held above 113.00. The bulls managed to raise the price to 113.80 and then test this level. Towards the end of trading the price rolled down. The analysts from FortFS said that the bears took over the initiative and overpassed the support at 113.00.

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_30_03_2016

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