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CURRENCIES TECHNICAL ANALYSIS JUNE.07

Euro

The pair EUR/USD continued to strengthen on the 4-hour time-frame. The resistance level was overpassed at 1.1370. The analysts from Fort Financial Services said that the situation was under the buyers’ control.

The bulls will maintain the leadership if they break through the resistance at 1.1450. Their target will be 1.1530.

The bears will regain the initiative if they break through the support at 1.1370. Their target will be 1.1300 and 1.1250.

technical_eurusd_07_06_2016_3

Pound

The 4-hour chart showed that the pair started the week with a gap and a decline. This was taken over later by quotes growth. The monetary instrument met a strong support at 1.4400 which was numerously tested by the bears. The trades ended near 1.4455.

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

The bears will regain the initiative if they break through the support at 1.4400. Their target will be 1.4320 and 1.4240.

technical_gbpusd_07_06_2016_1

Yen

The 4-hour chart showed that the pair grew as a result of the US dollar correction against the Japanese yen. During the session, the level 107.40 was tested. The analysts from FortFS said that the trading session ended near 107.10.

The bulls will maintain the leadership if they break through the resistance at 107.40. Their target will be 108.20 and 109.00.

The bears will regain the initiative if they break through the support at 106.60. Their target will be 105.80.

technical_usdjpy_07_06_2016_1

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