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CURRENCIES TECHNICAL ANALYSIS September.16

Euro

The EUR/USD remained in the middle of the consolidation range on Thursday. The pair was unmoved as investors took wait-and-see mode ahead of U.S statistics. The resistance is seen at 1.1270, the support stands at 1.1200. A move below 1.1200 will signal the strength of sellers. If the pair manages to break above 1.1270, buyers will lead the price towards 1.1330.

16_09_2016 eurusd

Pound

The GBP/USD showed mixed trades on Thursday. The price was declining in the Asian and European sessions. Sellers pushed the price to 1.3200 where the instrument reversed and partly recovered in the North American session. The current resistance is seen at 1.3360, the support exists at 1.3200. The nearest buyers target is the level 1.3300. To trigger additional downward movement the price needs to break the level – 1.3200.

16_09_2016 gbpusd

Yen

The tone was negative in the market on Thursday. The dollar softened and decreased from the level 102.50. The resistance exists at the level 102.50, the support comes in at 101.40. If the price overcomes the 102.50 resistance we will neutralize our medium term negative outlook. The nearest sellers' target remains the support at 101.40.

16_09_2016 usdjpy

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