The EUR/USD pair enjoyed mixed trades on Friday. The bearish tone switched to the bullish one in the New York session. The resistance comes in at the level 1.1250, the support lies at 1.1200.
If buyers keep pushing EUR/USD upwards the price will grow further towards 1.1300. Alternatively, the EUR/USD will return below 1.1200.
The GBP/USD remained under selling pressure. The price traded in a tight range below 1.3000 on Friday. The resistance exists at the level 1.3000, the support stands at 1.2900.
If the price remains below 1.3000 the selling pressure will persist. Sellers’ targets are the levels 1.2900 and 1.2800.
The USD/JPY was volatile on Friday. Buyers failed to regain 101.40 and returned below it. The resistance is at 101.40, the support comes in at 100.40.
If the USD/JPY breaks the level 101.40 upwards the pair will advance towards the mark 102.00. A move below the 101.00 mark will trigger a downtrend towards 100.40.
Read the full review on our site:
FortFS wishes all traders a Happy Chinese New Year! Only from February 8 to March 12, 2021, we reduce spreads for the 4 most popular trading pairs. New values*: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 *These values are valid only for FLEX accounts Hurry up to take advantage of the offer! Learn more about spreads: https://www.fortfs.com/clients/specifications
Only until February 26, special deposit rates* are available for all traders in Malaysia, Indonesia, Vietnam and Thailand: 3.6 MYR = 1 USD 10 000 IDR = 1 USD 20 000 VND = 1 USD 25 THB = 1 USD *Only Local bank deposit method is included Hurry up to take advantage of the offer until […]