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CURRENCIES TECHNICAL ANALYSIS JULY.28

Euro

The pair EUR/USD was traded under pressure below 1.1000 on the H4 chart. The analysts from Fort Financial Services said that the market is bearish.

The bulls will regain the leadership if they break through the resistance at 1.1000. Their target will be 1.1050 and 1.1130.

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

technical_eurusd_28_07_2016

Pound

The 4-hour time-frame showed that the pair GBP/USD spent the session consolidating near the important support level 1.3100. The trades were ended above that level. The technical picture showed neutral trading.

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_28_07_2016

Yen

The 4-hour time-frame showed that the US currency strengthened against the yen. The analysts from FortFS said that the buyers passed the levels 104.50 and 105.30 while the resistance at 106.00 kept its position.

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

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

technical_usdjpy_28_07_2016

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