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CURRENCIES TECHNICAL ANALYSIS November.01

Euro

The EUR/USD closed the day bullish. The downward movement switched to the bullish one. The price broke the level 1.0950 but failed to move further. The pair turned around and faced an upward pressure. The euro headed towards 1.1000 in the North American session. The resistance comes in at the level 1.1000, the support lies at 1.0950.

If the upward momentum remains intact buyers will lead the price to 1.1000. Otherwise, the EUR/USD will return below 1.0950.
01_11_2016_eurusd
Pound

Bulls fought back control on Monday. The price was under selling pressure during the day. The pair stayed below 1.2200 during the European hours. The pound moved upwards ahead of the Asian opening. The price broke the level 1.2200 upwards and moved towards 1.2300. The resistance exists at the level 1.2300, the support stands at 1.2200.

If the price remains above 1.2200 the buying pressure will increase. Buyers' targets are the marks 1.2250 and 1.2300.
01_11_2016_gbpusd
Yen

The pair presented a modest bearish tone on Monday. Prices grew during the day, refreshing a daily high at 105.21. Buyers failed to hold their gains and the price declined below 105.00. The USD/JPY closed the day bearish. The resistance is at 105.00, the support comes in at 104.50.

If the USD/JPY fixates below the level 105.00 the pair will move towards the mark 104.50. A move above 105.00 will trigger an upward movement towards 105.50.

02_09_2016-usdjpy

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