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TECHNICAL ANALYSIS APR.28

Euro

According to the 4-hour chart, the euro was traded in a narrow range with a growth tendency. The analysts from Fort Financial Services said that the currency instrument met a strong support at 1.1260 had a growth but the bulls could not overpass the resistance at 1.1350.

The bulls will maintain the leadership if they break through the resistance at 1.1350. Their target will be 1.1450 and 1.1560.

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

technical_eurusd_28_04_2016_1

Pound

The data of the 4-hour chart showed a slight weakening of the pound against the dollar after a short-term of consolidation. Based on the decrease, once again the quotes of majors dropped below 1.4560 and ended the trading session in the new range.

The bulls will regain the leadership if they break through the resistance at 1.4560. Their target will be 1.4670 and 1.4760.

The bears will maintain the initiative if they break through the support at 1.4480. Their target will be 1.4400 and 1.4320.

technical_gbpusd_28_04_2016_1

Yen

On the 4-hour chart, the trades of USD/JPY passed through a narrow range. The analysts from FortFS saed that the bulls keept on trying to test the upper limit of the range but there is still no success.

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.

technical_usdjpy_28_04_2016_1

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