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CURRENCIES TECHNICAL ANALYSIS AUGUST.09

Euro

The pair EUR/USD spent the day consolidating and near the reached maximums on the 4-hour time-frame. The analysts from Fort Financial Services said that quotes remained below resistance at 1.1130.

The bulls will regain the leadership if they break through the resistance at 1.1130. Their target will be 1.1200 and 1.1270.

The bears will maintain the initiative if they break through the support at 1.1050. Their target will be 1.1000 and 1.0900.

technical_eurusd_09_08_2016

Pound

The pair GBP/USD consolidated below 1.3100 on the H4 chart. The currency instrument remained in the oversold zone.

The bulls will regain the leadership if they break through the resistance at 1.3100. Their target will be 1.3300 and 1.3500.

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

technical_gbpusd_09_08_2016

Yen

The 4-hour chart showed positive trading of the pair USD/JPY. The buyers tested the resistance at 102.50, said the analysts from FortFS.

The bulls will maintain the leadership if they break through the resistance at 102.50. Their target will be 103.50 and 104.50.

The bears will regain the initiative if they break through the support at 101.40. Their target will be 100.40 and 99.00.

technical_usdjpy_09_08_2016

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