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CURRENCIES TECHNICAL ANALYSIS JULY.14

Euro

The H4 chart showed that the euro strengthened against the US dollar. Buyers’ activity caused the pair to rise to 1.1130. The analysts from Fort Financial Services said that the bullish tendency dominated the pair.

The bulls will maintain the leadership if they break through the resistance at 1.1130. Their target will be 1.1200 and 1.1300.

The bears will regain the initiative if they break through the support at 1.1050. Their target will be 1.1000 and 1.0900.

technical_eurusd_14_07_2016_1

Pound

On the 4-hour chart, the british currency weakened against the dollar. The buyers reached a strong resistance at 1.3300, and after the price turned around and moved down. The pair GBP/USD remaind under pressure.

The bulls will regain the leadership if they break through the resistance at 1.3300. Their target will be 1.3500 and 1.3700.

The bears will maintain the initiative if they break through the support at 1.3100. Their target will be 1.2900 and 1.2700.

technical_gbpusd_14_07_2016_1

Yen

According to the 4-hour chart, USD/JPY pait consolidated near 104.50. The analysts from FortFS said that the trading instrument was overbought.

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.

technical_usdjpy_14_07_2016_1

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