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CURRENCIES TECHNICAL ANALYSIS AUGUST.05

Euro

The H4 chart showed that the pair EUR/USD was traded below 1.1200. During the second half of the session, the pair consolidated near support at 1.1130. The analysts from Fort Financial Services said that the bearish sentiment strengthened.

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

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

technical_eurusd_05_08_2016_1

Pound

The H4 time-frame confirmed the crash of the pound against the dollar yesterday. Rebounded from 1.3300 the sellers reached the level 1.3100 and tested it.

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_05_08_2016

Yen

The pair USD/JPY was traded in a consolidation mode with the tendency to reach 101.40 on the 4-hour time-frame. The analysts from FortFS said that the pair remained in the oversold zone.

The bulls will maintain the leadership if they break through the resistance at 101.40. Their target will be 102.50 and 103.50.

The bears will regain the initiative if they break through the support at 100.40. Their target will be 99.00.

technical_usdjpy_05_08_2016

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