According to the analysts from Fort Financial Services, the instrument EUR/USD resumed its growth. Earlier on the 4-hour time-frame, the price tested the resistance at 1.1350 where the growth stopped. Towards the end of trading, the bulls managed to break through and stabilize above it.
The bulls will maintain the initiative if they break through the resistance at 1.1450. Their target will be 1.1550.
The bears will regain the leadership if they break through the support at 1.1350. Their target will be 1.1260 and 1.1150.
On the 4-hour chart, after testing the resistance at 1.4400 the pair GBP/USD rolled down. The price dropped to the support level at 1.4320 and then turned around and moved upwards. Once again, the bulls tested the level of 1.4400. Nevertheless, the pair growth stopped near this level. As a result, the pair formed a short- term consolidation below 1.4400.
The bears will maintain the 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 the support at 1.4320. Their target will be 1.4240 and 1.4160.
A consolidation was formed on the 4-hour time-frame of the pair USD/JPY. Trades are held below resistance at 113.00. The bears attempted to push through the support at 112.20 however, these attempts were unsuccessful. The analysts from FortFS said that the pair ended trading slightly above 112.20.
The bears 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 112.20. Their target will be 111.40 and 110.60.
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