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CURRENCIES TECHNICAL ANALYSIS AUGUST.31

Euro

The euro got under pressure on the back of the strong dollar. The pair traded below the level 1.1200, barely touching the support 1.1130. Sellers have the ball now.

Buyers will have control if they break the resistance 1.1200. Buyers’ targets are 1.1270 and 1.1350. If sellers manage to break the support 1.1130 they will lead the price to 1.1070 and 1.1000.
31_08_2016 eurusd
Pound

Technically, the GBP/USD is under pressure. The pound showed mixed dynamics 
on Tuesday. The price went back and forth in a narrow range between the current resistance at 1.3100 and the mark 1.3050.

An uptrend will start as soon, as the pair rises above the resistance level 1.3100. A downtrend will start as soon, as the pair drops below the support level 1.3050.
31_08_2016 gbpusd
Yen

The dollar strengthened due to the positive data in the USA. The price rallied and set new highs on the 
Tuesday’s trades. Indicators give a buy signal now.

If the USD/JPY pair breaks the 103.50 mark we will place buy orders. In this scenario buyers will aim at 103.50. To trigger downward momentum sellers need to return below 102.00.

31_08_2016 usdjpy

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