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TECHNICAL ANALYSIS Apr.04

Euro

The analysts from Fort Financial Services informed that, on the 4-hour time-frame the pair EUR/USD reached new maximums. The pair formed a short-term consolidation after breaking though the resistance at 1.1350. Then, the bulls managed to approach the resistance at 1.1450. However, the bears took over the initiative and tested the support at 1.1350. The trades were closed above this level.

The bulls will maintain the initiative if they break through the resistance at 1.1450. Their target will be 1.1550.

The bars will regain the leadership if they break through the support at 1.1350. Their target will be 1.1260 and 1.1150.

technical_eurusd_04_04_2016

Pound

The pair GBP/USD sharply dropped from the reached maximums. Earlier, the bulls tested the resistance at 1.4400. From this point, the price moved downwards. On the H4 chart, the bears pushed through 2 support levels: 1.4320 and 1.4240. The pair ended the trades having strengthened under this mark.

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_04_04_2016

Yen

The currency instrument USD/JPY ended last week traded with a sharp decrease. The pair was traded above 112.20. Whereas the bears repeatedly attempted to break through this level downwards. According to the analysts from FortFS said, towards the end of Friday trades the bears confidently overpassed the level 112.20 on the 4-hour chart.

The bulls will regain the initiative if they break through the resistance at 112.20. Their target will be 113.00 and 113.80.

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

technical_usdjpy_04_04_2016

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