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CURRENCIES TECHNICAL ANALYSIS SEPTEMBER.30

Euro

The euro traded sideways during Thursday. The price went back and forth between 1.1200 and 1.1250. The resistance is seen at 1.1250, the support stands at 1.1200.

The exit from the current flat will determine further direction of the pair. A break above will lead the price towards 1.1300. A break below the current support risks a decline towards the 1.1150 level.

30_09_16_eurusd

Pound

We preserve short-term bearish outlook for the pair. The pound continued to grind lower and closed the day around 1.2965. The current resistance is seen at 1.3000, the support lies at 1.2900.

The overall tone remained bearish. Bears are trying to push the price lower. If they succeed their next target is the level 1.2900.

30_09_16_gbpusd

Yen

The USD/JPY got under selling pressure. The dollar gave up its recent gains and retreated below the level 101.40. The resistance is at 101.40, the support comes in at 100.40.

The loss of the 101.40 level is now pointing to a further period of downside to come. A downtrend will start as soon, as the pair drops below support level 101.00.

30_09_16_usdjpy

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