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TECHNICAL ANALYSIS MAY.10

Euro

The 4-hour chart showed that the first trading day of the pair EUR/USD started with a gap near 1.1392. Trades were slightly volatile and did not exit the range limited by 1.1350-1.1450. The analysts from Fort Financial Services said that the bears influence the pair.

The bulls will regain the leadership if they break through the resistance at 1.1450. Their target will be 1.1550 and 1.1650.

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

technical_eurusd_10_05_2016

Pound

The morning gap of the pair GBP/USD was clear on the 4-hour chart near 1.4427. During the trading day the pair unsuccessfully tested the resistance at 1.4480 and at the end of trading it broke through the support at 1.4400.

The bulls will regain the leadership if they break through the resistance at 1.4480. Their target will be 1.4560 and 1.4670.

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

technical_gbpusd_10_05_2016

Yen

The 4-hour time-frame showed that the US dollar regains its positions against the Japanese currency. During the growth, the resistance at 108.20 was overpassed. The analysts from FortFS said that the bulls strongly influenced the pair dynamics.

The bulls will maintain the leadership if they break through the resistance at 109.00. Their target will be 109.80.

The bears will regain the initiative if they break through the support at 108.20. Their target will be 107.40 and 106.60.

technical_usdjpy_10_05_2016

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