The 4-hour chart showed that after breaking through the resistance at 1.1130 the pair developed a sideways movement awaiting for new incentives. The analysts from Fort Financial Services said that the currency pair ended the Tuesday session at 1.1132.
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 GBP/USD pair was highly volatile on Tuesday. The US currency strengthened against the sterling and that resulted in the breakthrough of support at 1.4560. The bears took control over the situation in the pair.
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.
The quotes of the pair USD/JPY decreased on the 4-hour chart. The pair moved to a corrective decline after the large-scale buys made earlier. The analysts from FortFS said that a further decline of majors was stopped by the support at 110.60.
The bulls will regain the leadership if they break through the resistance at 111.40. Their target will be 112.20.
The bears will maintain the initiative if they break through the support at 110.60. Their target will be 109.80 and 109.00.
Read the full review on our site:
Dear Traders, Make sure to receive $100 on your trading accounts only from the 27th to the 31st of January! Welcome Bonus 100 USD is the best way to start trading and test all of the Company’s products! The bonus features: Withdrawal of up to 100 USD 75 lots of trading turnover A two-week testing […]
WHAT ARE THE BENEFITS OF MEGAPROTECT BONUS? +100% of the deposited amount! 100% protection during the drawdown Up to 5000 USD per one account Up to 15000 USD per one profile