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CURRENCIES TECHNICAL ANALYSIS October.11

Euro

The bearish scenario prevailed on Monday. The price turned around at the level 1.1200 and advanced south. The resistance is seen at 1.1200, the support stands at 1.1150.

The bearish trend remained intact. If the price breaks the level 1.1150 the EUR/USD pair will fall to 1.1100.
11_10_2016_eurusd
Pound

The pound remained within a red territory. Sellers consolidated their gains after a sharp decrease on Friday. The current resistance is seen at 1.2400, the support lies at 1.2300.

The overall tone remains bearish. Sellers will try to push the price lower. Their next target is the level 1.2300.
11_10_2016_gbpusd
Yen

The USD/JPY closed bullish yesterday. The price retreated from the daily low and rallied towards 103.50. The currency pair broke the level 103.50 and extended its gains to 103.60. The resistance is at 104.30, the support comes in at 103.50.

A daily close above the level 103.50 will open the way towards the immediate resistance at 104.30. A return below the level 103.50 will put on hold bulls’ plans.

11_10_2016_usdjpy

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