The 4-hour chart showed that, on the first trading day the euro started with a growth. Later it left the maximum levels and gave up on its positions in favour of the dollar. On the way up, the buyers met a strong resistance at 1.1370 and the price dropped. The analysts from Fort Financial Services said that the bears dominated the pair.
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 1.1300. Their target will be 1.1250 and 1.1200.
The sterling pound was traded upwards and overpassed the level 1.4670 on the 4-hour chart. The bulls continued to trade actively and strengthen the pair positions. The pair GBP/USD exited the critical overbought level.
The bulls will maintain the leadership if they break through the resistance at 1.4760. Their target will be 1.4800.
The bears will regain the initiative if they break through the support at 1.4670. Their target will be 1.4560 and 1.4480.
The 4-hour time-frame showed that the currency instrument was traded in a narrow range remaining at minimums. The sellers kept the pair below resistance at 104.50. The analysts from FortFS said that the pair USD/JPY was traded downwards.
The bulls will regain the leadership if they break through the resistance at 104.50. Their target will be 105.30 and 106.00.
The bears will maintain the initiative if they break through the support at 103.50. Their target will be 102.50.
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