The data from the 4-hour chart shows that the euro has strengthened against the US dollar. The growth was small and the bulls tested the resistance at 1.1260. The analysts from Fort Financial Services said that the drop of the currency instrument was stopped by an upward correction.
The bulls will maintain the leadership if they break through the resistance at 1.1260. Their target will be 1.1350 and 1.1450.
The bears will regain the initiative if they break through the support at 1.1150. Their target will be 1.1050 and 1.0925.
On the 4-hour chart, despite the multi-directional trading session, the price of GBP/USD has increased. During the growth, resistance levels at 1.4400 and 1.4480 were overpassed.
The bulls will maintain the leadership if they break through the resistance at 1.4560. Their target will be 1.4640.
The bears will regain the initiative if they break through the support at 1.4480. Their target will be 1.4400 and 1.4320.
The fact that the Japanese yen strengthened against the US dollar is clearly shown on the 4-hour time-frame. The bears pushed through the support at 111.40. The analysts from FortFS said that until the end of the trading session, the currency instrument was traded below this level.
The bulls will regain the leadership if they break through the resistance at 111.40. Their target will be 112.20.
The bears will maintain the initiative if they break through the support at 110.60. Their target will be 109.80 and 109.00.
Read the full review on our site:
Starting from 06 June 2019, FortFS reduces spreads for 4 most popular contracts! From 06 June until 19 July 2019, the 4 most popular contracts spreads will be: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 Good Luck! Fort Financial Services – Citadel of trading
Dreaming of ruling the Forex universe? FortFS will help you realize your dreams! From 06 of May till 07 of June 2019 become the owner of a unique artifact called Alpha Bonus and subdue the financial element!