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CURRENCIES TECHNICAL ANALYSIS September.12

Euro

The euro was under pressure on Friday. Sellers dragged the price from the mark 1.1290 to the 1.1200 level. The resistance comes in at the level 1.1270, the support lies at 1.1200. If sellers keep weighing on the pair the price will decrease further towards 1.1130. Alternatively, the EUR/USD will grow to 1.1270.

12_09_2016 eurusd

Pound

The pound closed the week at the lower limit of the upward channel. The price stopped at 1.3260 where it is consolidating now. The resistance exists at the level 1.3360, the support stands at 1.3200. If the pair leaves the ascending channel the pound will fall below 1.3200, towards 1.3100. Otherwise, buyers will push the price to 1.3360.

12_09_2016 gbpusd

Yen

The USD/JPY closed Friday bullish. The price stopped not far from the nearest level 102.50. The resistance exists at the level 103.50, the support comes in at 102.50. To trigger additional upward movement the price needs to grow higher than the previous week high. The level 103.50 is the next buyers’ target. A move below 102.00 will signal the presence of sellers.

12_09_2016 usdjpy

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