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CURRENCIES TECHNICAL ANALYSIS JUNE.23

Euro

On the 4-hour chart, the euro overpassed the level of 1.1300 upwards. The pair went through multi-directional trades, however the buyers kept the initiative. The analysts from Fort Financial Services said that a further growth would bring the pair closer to 1.1370.

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_5

Pound

The British currency paired with the US dollar was traded at the maximum levels and stayed in the range limited by 1.4670 - 1.4760 on the 4-hour time-frame. After testing the resistance at 1.4760 the pair closed the trades in the neutral zone. Currently, the bulls is dominating the market.

The bulls will maintain the leadership if they break through the resistance at 1.4760. Their target will be 1.4900.

The bears will regain the initiative if they break through the support at 1.4670. Their target will be 1.4560 and 1.4480.

technical_gbpusd_22_06_2016_3

Yen

The 4-hour time-frame showed that the price remained near the opening levels almost all day long. The analysts from FortFS said that due to low volatility, the pair USD/JPY consolidated at 104.50.

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

The bears will maintain 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_3

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