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CURRENCIES TECHNICAL ANALYSIS JULY.22

Euro

The H4 chart showed that the pair EUR/USD was traded in the range limited by 1.1000 and 1.1050. However, the pair ended the trading day at the bottom limit of the range. The analysts from Fort Financial Services said that the pair remained oversold.

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_22_07_2016

Pound

The data of the 4-hour chart showed that the pair GBP/USD consolidated. The pair was traded between 1.3100 and 1.3300. Technically, the trading instrument was in the neutral zone.

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_22_07_2016

Yen

When the pair USD/JPY reached new maximums its quotes turned around and moved down. Sellers pushed through the support at 106.00, said the analysts from FortFS.

The bulls will regain the leadership if they break through the resistance at 106.00. Their target will be 107.00 and 108.00.

The bears will maintain the initiative if they break through the support at 105.30. Their target will be 104.50 and 103.50.

technical_usdjpy_22_07_2016

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