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CURRENCIES TECHNICAL ANALYSIS September.05

Euro

EUR/USD opened Monday’s trades in the 1.1157 region. After a short consolidation the price slightly grew towards 1.1190. The daily high is at 1.1181. The pair is neutral.

We will consider buying the euro if the price breaks above 1.1200. We will go to short if we see a move below 1.1130.

05_09_2016_eurusd

Pound

GBP/USD started today’s trades at the mark 1.3292, slightly below the resistance 1.3360. The quotes got under pressure at the start of the European session. The price moved from the daily high at 1.3325 to the mark 1.3290. The tone is neutral now.

If the price keeps falling it will reach the mark 1.3250 soon. If GBP/USD manages to break above 1.3360 the pair may grow to 1.3400.

05_09_2016_gbpusd

Yen

The U.S dollar got under pressure on Monday’s trades. The price decreased from the daily high at 104.10 towards the support level 103.50. The pair tested the current support and stopped a few pips below it. The USD/JPY is neutral on Monday.

The nearest buyers’ target remains the level 104.00. We shall place sell orders if the instrument fixates below 103.50.

05_09_2016_usdjpy

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