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CURRENCIES TECHNICAL ANALYSIS AUGUST.02

Euro

On Monday, the pair EUR/USD was traded almost unchanged on the H4 chart and remained above 1.1130. The analysts from Fort Financial Services said that the bearish sentiment dominates the market.

The bulls will maintain the leadership if they break through the resistance at 1.1200. Their target will be 1.1270.

The bears will regain the initiative if they break through the support at 1.1130. Their target will be 1.1050 and 1.1000.

technical_eurusd_02_08_2016

Pound

The H4 chart demonstrated a consolidation of the pair GBP/USD. The trading instrument continued trading above 1.3100.

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_02_08_2016

Yen

The 4-hour time-frame showed that the pair USD/JPY remained under pressure. As a result, the support at 102.50 was passed and that was confirmed by the analyst from FortFS.

The bulls will regain the leadership if they break through the resistance at 102.50. Their target will be 103.50 and 104.30.

The bears will maintain the initiative if they break through the support at 101.40. Their target will be 100.00 and 99.00.

technical_usdjpy_02_08_2016

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