According to the information from Fort Financial Services, the pair EUR/USD stopped its decrease. Earlier on the 4-hour time-frame, the price overpassed the support near 1.1350. The decrease then continued. The bears met a serious barrier at 1.1260. Near this level the pair moved to a consolidated range.
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.
The pair GBP/USD also stopped its decrease. The bears attempted to drop the price to the next support level at 1.4080 after they overpassed the support at 1.4160. On the 4-hour time-frame the pair was traded below 1.4160 however, the bears did not reach the targeted level 1.4080. At the end of trading, the price returned to 1.4160 which served as resistance even though the bearish sentiment remained.
The bulls will regain the initiative if they break through the resistance at 1.4160. Their target will be 1.4240 and 1.4320.
The bears will maintain the leadership if they break through the support at 1.4080. Their target will be 1.4000 and 1.3920.
On the H4 time-frame, USD/JPY growth has stopped. Earlier, the upwards movement was developed after the price broke through 108.20. The bulls raised the price to the resistance at 109.00 which was then overpassed. Having reached the maximums below 109.80, the pair rolled back to 109.00. The analysts from FortFS said that the trades of this currency instrument were ended at this level.
The bulls will regain the initiative if they break through the resistance at 109.80. Their target will be 110.60 and 111.40.
The bears will keep the leadership if they break through the support at 109.00. Their target will be 108.20 and 107.40.
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