The tone was negative in the market on Tuesday. The price declined from the level 1.1250 towards 1.1200 where the downward pressure faded and the price slightly recovered. The resistance comes in at the level 1.1250, the support lies at 1.1200.
If the pressure persists the pair will decline further. After breaking the level 1.1200 sellers will lead the price towards 1.1150.
The pound was neutral on Monday. The pair spent the day in a consolidation range below 1.3000. All its up-moves got under selling pressure. The resistance exists at the level 1.3100, the support stands at 1.3000.
A move below 1.3000 will increase sellers' strength. Sellers may lead the price towards 1.2900. To keep on with the recovery the price needs to reach the level 1.3100.
The USD/JPY maintained its bearish tone on yesterday's trades. The price remained in a narrow range between 100.20 and 101.00. The resistance is at 101.40, the support comes in at 100.40.
All eyes are right now at the support 100.40. A cut through here will turn attention to the 100.00 level. The nearest bulls' target remains the mark 101.00.
Read the full review on our site:
Only from November 02nd, 2020, to January 04th, 2021, Deposit Bonus 200% is available for all FortFS clients! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus of […]
Only from 23 to 25 of November, the largest no deposit bonus 100 USD is available for all Forex traders! 🏆 Bonus details: 100 USD maximum withdrawal 75 lots of required trading turnover 2 weeks to try all of the trading conditions Available for cent accounts 📍 How to get the bonus: 1) Register an […]