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CURRENCIES TECHNICAL ANALYSIS JULY.21

Euro

On Wednesday, the pair EUR/USD was traded under pressure on the H4 chart. The support at 1.1000 was numerously tested by the sellers. The analysts from Fort Financial Services said that currency instrument was in the oversold zone.

The bulls will regain the leadership if they break through the resistance at 1.1050. Their target will be 1.1130 and 1.1200.

The bears will maintain the initiative if they break through the support at 1.1000. Their target will be 1.0900 and 1.0830.

technical_eurusd_21_07_2016

Pound

The 4-hour chart showed that during the past session, the British pound has slightly strengthened against the dollar. The pair remained in the range limited by 1.3100 and 1.3300.

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

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

technical_gbpusd_21_07_2016

Yen

The pair developed an upward trend on the 4-hour chart. The quotes approached the resistance at 107.00. The pair of major currencies was oversold, the analysts from FortFS said.

The bull will maintain the leadership if they break through the resistance at 107.00. Their target will be 108.00.

The bears will regain the initiative if they break through the support at 106.00. Their target will be 105.30 and 104.50.

technical_usdjpy_21_07_2016

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