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TECHNICAL ANALYSIS APR.20

Euro

The analysts from Fort Financial Services informed that the pair EUR/USD continued its upwards movement. The pair was traded in the direction of 1.1350 after it stepped back from the minimums at 1.1260. At the end of trading, on the 4-hour chart the bulls overpassed this level upwards.

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

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

technical_eurusd_20_04_2016_1

Pound

The pair GBP/USD continued to grow after it overpassed the resistance at 1.4240. On the 4-hour chart the bulls maintained the leadership as they broke through the following resistance near 1.4320. The price then jumped to 1.4400 where it reached new maximums.

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

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

technical_gbpusd_20_04_2016

Yen

The growth of the pair USD/JPY continued. On the H4 time-frame, the bulls overpassed the resistance at 109.00. The pair growth was stopped above this level and the price rolled down. The analysts from FortFS said that the trades were ended near 109.00.

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 maintain the leadership if they break through the support at 109.00. Their target will be 108.20 and 107.40.

technical_usdjpy_20_04_2016

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