On the 4-hour chart, the pair consolidated above the support at 1.1130 and then slightly increased at the end of trading. The analysts from Fort Financial Services said that the session ended at 1.1165.
The bulls will maintain the leadership if they break through the resistance at 1.1200. Their target will be 1.1250 and 1.1300.
The bears will regain the initiative if they break through the support at 1.1130. Their target will be 1.1070.
On the 4-hour time-frame the sterling continued to strengthen against the US dollar. The pair reached a new level and the resistance at 1.4670 was aggressively overpassed. The pair is influenced by the bullish mood.
The bulls will maintain the leadership if they break through the resistance at 1.4760. Their target will be 1.4880.
The bears will regain the initiative if they break through the support at 1.4670. Their target will be 1.4560 and 1.4480.
The Japanese yen continued to strengthen against the US currency on the 4-hour chart. The pair activity was low so it was traded in the range limited by 109.80-110.60. The analysts from FortFS said that buyers kept the situation under control.
The bulls will maintain the leadership if they break through the resistance at 110.60. Their target will be 111.40.
The bears will regain the initiative if they break through the support at 109.80. Their target will be 109.00 and 108.20.
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