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CURRENCIES TECHNICAL ANALYSIS October.18

Euro

The EUR/USD was positive during the day. The price strengthened and reversed some of the previous losses. The pair tested the 1.1000 level which stopped its upward impetus. The resistance comes in at the level 1.1000, the support lies at 1.0950.

If buyers keep pushing EUR/USD upwards the price will grow further towards 1.1025. Alternatively, should the price bounce off the level the EUR/USD may fall towards 1.0950.
18_10_2016_eurusd
Pound

The pound remained neutral on Monday. The GBP/USD traded in a tight range between 1.2100 and 1.2200. The resistance exists at the level 1.2200, the support stands at 1.2100.

If the price breaks below 1.2100 the selling pressure will increase. Sellers will push the price towards 1.2050. A move above the range will send prices towards 1.2260.
18_10_2016_gbpusd
Yen

The USD/JPY remained in an ascending channel. The price bounced from the upper limit of the range and declined below 104.00. The resistance is at 104.00, the support comes in at 103.00.

If the USD/JPY returns above the level 104.00 the pair will advance towards the mark 104.60. A move below the 104.00 mark will trigger a downtrend towards 103.30.

18_10_2016_usdjpy

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