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TECHNICAL ANALYSIS APR.22

Euro

The 4-hour chart showed a multi-directional trading of the pair EUR/USD. After an unsuccessful attempt to grow the pair returned to below support at 1.1350. The analysts from Fort Financial Services said that the decline was stopped by a strong price level at 1.1260.

The bulls will regain the leadership if they break through the resistance at 1.1350. Their target will be 1.1500.

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

technical_eurusd_22_04_2016

Pound

As it we see on the 4-hour chart, consolidation at support near 1.4320 is replaced by a sudden multi-directional dynamic. The first attempt of the pair GBP/USD to strengthen above resistance at 1.4400 was unsuccessful as the exchange rate returned to the starting point.

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

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

technical_gbpusd_22_04_2016

Yen

The data from the 4-hour chart showed a change of movement of the pair USD/JPY. The analysts from FortFS said that the bears took over the initiative and stopped the growth near the strong resistance at 109.80.

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

The bears will maintain the initiative if they break through the support at 109.00. Their target will be 108.00 and 107.00.

technical_usdjpy_22_04_2016

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