A bearish tone prevailed in the 4 hours chart on Friday. The EUR/USD pair continued to advance south. Sellers were able to break below 1.1000 and even moved lower. The resistance comes in at the level 1.1000, the support lies at 1.0950.
If the pressure persists the pair will decline further. Should the pair consolidate below 1.1000, sellers will lead the price towards 1.0950.
Sterling was little changed on Friday. The price remains neutral/negative in the short term. The GBP/USD traded in a tight range between 1.2170 and 1.2260 on Friday. The resistance exists at the level 1.2300, the support stands at 1.2200.
A move below 1.2200 will increase sellers' strength. Bears may lead the price towards 1.2100. To keep on with the recovery the price needs to reach the level 1.2300.
The USD/JPY enjoyed a mixed session through trade on Friday. The price grew the first part of the day and set a daily high at 1045.47. The pair turned around and decreased in the North American session. Sellers pushed the price to the nearest support - 104.00. The resistance is at 104.00, the support comes in at 103.00.
We think that the tone will remain positive in a short-term. The pair will grow on the back of a stronger dollar. Buyers will push the price towards 104.63. Alternatively, the USD/JPY pair may weaken towards 103.30.
Read the full review on our site:
Dear Clients! Only until December 01, a threefold increase in the deposit amount is available for all FortFS customers! 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 […]
Dear traders and partners, From October 29 to November 30, 2019, FortFS reduces spreads for 2 more pairs: EURJPYf: 1.3 GBPJPYf: 2.8 Spreads on the 4 most popular currency pairs will remain the same: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 Good […]