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CURRENCIES TECHNICAL ANALYSIS JUNE.09

Euro

The pair EUR/USD resumed its growth after it consolidated on the 4-hour time-frame. Despite the low volatility trading, the bulls managed to breakthrough 1.1370 during the previous session. The analysts from Fort Financial Services said that the pair was overbought.

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_09_06_2016

Pound

The 4-hour chart showed that the pair GBP/USD was traded in a narrow range. The buyers attempted to raise the price above the resistance at 1.4560. They tested it a number of times, however the sellers returned to the market and the price dropped to 1.4490.

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 and 1.4320.

technical_gbpusd_09_06_2016

Yen

The 4-hour chart showed that the downwards movement continued its development in the pair USD/JPY. The support at 107.00 could not resist the bearish trend. The analysts from FortFS said that sellers activity was present in the pair.

The bulls will regain the leadership if they break through the resistance at 107.00. Their target will be 108.00 and 109.00.

The bears will maintain the initiative if they break through the support at 106.00. Their target will be 105.00.

technical_usdjpy_09_06_2016

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