According to the data from the 4-hour chart, the euro overpassed the price level 1.1260 and approached the nearest resistance at 1.1350. However, the euro weakened at the end of trading. The analysts from Fort Financial Services said that the bears attempted to take over the initiative.
The bulls will regain the leadership if they break through the resistance at 1.1350. Their target will be 1.1450 and 1.1550.
The bears will maintain the initiative if they break through the support at 1.1260. Their target will be 1.1150 and 1.1050.
As it is seen on the 4-hour chart, the pound continued its growth against the US dollar and broke through the resistance at 1.4560. However, there was a small rollback at the end of trading. The quotes of the currency instrument remained in the new range 1.4560-1.4670.
The bulls will regain the leadership if they break through the resistance at 1.4670. Their target will be 1.4760.
The bears will maintain the initiative if they break through the support at 1.4560. Their target will be 1.4480 and 1.4400.
The 4-hour time-frame shows that the whole trading was between the support at 110.60 and the resistance at 111.40 even though there was an attempt to decrease. The analysts from FortFS said that, at the end of the day the rate of the pair USD/JPY grew and tested the upper limit of the range.
The bulls will maintain the leadership if they break through the resistance at 111.40. Their target will be 112.20 and 113.00.
The bears will regain the initiative if they break through the support at 110.60. Their target will be 109.80 and 109.00.
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