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CURRENCIES TECHNICAL ANALYSIS JUNE.08

Euro

The currency instrument EUR/USD consolidated below 1.1370 on the 4-hour time-frame. The analysts from Fort Financial Services said that the pair of majors was traded under pressure.

The bulls will regain the leadership if they break through the resistance at 1.1370. Their target will be 1.1450 and 1.1530.

The bears will maintain the initiative if they break through the support at 1.100. Their target will be 1.1250 and 1.1200.

technical_eurusd_08_06_2016_1

Pound

The 4-hour time-frame showed that the the pair of majors managed to strengthen but was restrained its growth. Towards the end of trading sellers returned the price to below 1.4560. Nevertheless, the pair covered Monday’s gap.

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 1.4490. Their target will be 1.4400 1.4320.

technical_gbpusd_08_06_2016_1

Yen

The 4-hour chart showed that after a corrective growth, the pair continued its decline towards the support at 107.00. The analysts from FortFS said that sellers activated their presence in the pair.

The bulls will regain the leadership if they break through the resistance at 108.00. Their target will be 109.00 and 109.80.

The bears will maintain the initiative if they break through the support at 107.00. Their target will be 106.00.

technical_usdjpy_08_06_2016_1

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