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CURRENCIES TECHNICAL ANALYSIS JUNE.22

Euro

The 4-hour chart of the pair EUR/USD showed that the price turned to a downward movement. On the way down the sellers successfully overpassed the level 1.1300 and stopped at a strong support near 1.1250. The analyst from Fort Financial Services said that the bears resumed their activity on the market.

The bulls will regain the leadership if they break through the resistance at 1.1300. Their target will be 1.1370 and 1.1450.

The bears will maintain the initiative if they break through the support at 1.1250. Their target will be 1.1200 and 1.1130.

technical_eurusd_22_06_2016

Pound

The 4-hour chart showed that the British currency has slightly weakened and allowed the US dollar to recover some of its positions. The price stepped back from the resistance at 1.4760 and dropped to the level 1.4670 which was successfully overpassed. The time-frame showed that the bears dominated the market.

The bulls will regain the leadership if they break through the resistance at 1.4670. Their target will be 1.4760.

The bears will maintain the initiative if they break through the support at 1.4560. Their target will be 1.4480 and 1.4400.

technical_gbpusd_22_06_2016

Yen

On the 4-hour chart, the pair USD/JPY had slightly increased from the support at 103.50, and exited the range which limited the pair trading the first half of the week. The analysts from FortFS said that the pressure on the currency instrument remained.

The bulls will maintain the leadership if they break through the resistance at 105.30. Their target will be 106.00 and 107.00.

The bears will regain the initiative if they break through the support at 104.50. Their target will be 103.50 and 102.50.

technical_usdjpy_22_06_2016

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