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TECHNICAL ANALYSIS APR.14

Euro

According to the analysts from Fort Financial Services, the currency instrument EUR/USD obtained a downward impulse after it tested the resistance at 1.1450. The bears tested the support at 1.1350. On the 4-hour time-frame the pair could not remain above this level so it pushed through it downwards. The decrease then continued and was stopped slightly above 1.1260.

The bulls will regain the initiative if they break through the resistance at 1.1350. Their target will be 1.1450 and 1.1550.

The bears will maintain the leadership if they break through the support at 1.1260. Their target will be 1.1150 and 1.1050.

technical_eurusd_14_04_2016

Pound

The pair GBP/USD was traded above 1.4240. The pair dropped after it touched the level of 1.4320. The pair decreased to the support at 1.4240 which was overpassed on the 4-hour chart. The decrease stopped and trades were ended above support at 1.4160.

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_14_04_2016

Yen

The upwards movement of the pair USD/JPY was developed on the 4-hour chart. The price stabilized above the support at 108.20 which was overpassed earlier. The analysts from FortFS said that the bulls raised the price to the next resistance level at 109.00. At the end of trading this level was also overpassed.

The bulls will maintain the leadership if they break through the resistance at 109.80. Their target will be 110.60 and 111.40.

The bears will regain the initiative if they break through the support at 109.00. Their target will be 108.20 and 107.40.

technical_usdjpy_14_04_2016

You may read the market review on our website:
https://www.fortfs.com

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