The 4-hour chart showed that the pairs trading was held in the range formed earlier. The pair volatility was low however, buyers rebounded from 1.1130, climbed up and tested the level 1.1200. The analysts from Fort Financial Services said that at the end of trading the price slightly decreased to 1.1191.
The bulls will regain the leadership if they break through the resistance at 1.1200. Their target will be 1.1250 and 1.1300.
The bears will maintain the initiative if they break through the support at 1.1130. Their target will be 1.1070.
On the 4-hour time-frame consolidation below 1.4760 ended with a stable decline of the currency instrument GBP/USD. Due to sales, the level 1.4670 was overpassed and the bears resumed their influence of the pair.
The bulls will regain the leadership if they break through the resistance at 1.4670. Their target will be 1.4760 and 1.4880.
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 multi-directional moves of the pair USD/JPY ended with the pair decline on the 4-hour time-frame. The analysts from FortFS said that buyers broke through the support at 109.80.
The bulls will regain the leadership if they break through the resistance at 109.80. Their target will be 110.60 and 111.40.
The bears will maintain the initiative if they break through the support at 109.00. Their target will be 108.20 and 107.40.
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