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CURRENCIES TECHNICAL ANALYSIS SEPTEMBER.28

Euro

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.
28_09_16_eurusd
Pound

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.
28_09_16_gbpusd
Yen

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.

28_09_16_usdjpy

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