flag-gb flag-my flag-zh flag-id flag-th flag-vi



A bullish tone prevailed in the 4 hours chart on Wednesday. The EUR/USD pair continued to advance north during the day. Buyers were able to break above 1.1050 and pushed the price even higher. Bulls managed to test the resistance 1.1100 by the end of the day. The resistance comes in at the level 1.1000, the support lies at 1.1050.

If a buying pressure persists the pair will strengthen further. Should the pair consolidate above 1.1000, buyers will lead the price towards 1.1150.

GBP/USD remained in bulls' hands on Wednesday. Buyers pushed the pair higher, the price was able to escalate to 1.2350. The resistance exists at the level 1.2400, the support stands at 1.2300.

A move below 1.2300 will increase sellers' strength. Bears may lead the price towards 1.2200. To keep on with the recovery the price needs to fixate above the level 1.2400.

The USD/JPY pair was under intense selling pressure the whole day. Prices fell from 104.00 to 103.00, breaking the level 103.50 on their ways downwards. After testing the level 103.00 the USD/JPY bounced towards 103.50. The resistance is at 103.50, the support comes in at 103.00.

As the pair is oversold we expect its recovery towards the 103.50 – 103.70 region.


Read the full review on our site:

Latest news

Chinese New Year

2019-02-01 10:04:25

Dear traders! We are glad to announce the launch of new promo “CHINESE NEW YEAR” which allows you to increase your profits from trading in the world financial markets! Starting from 1 February 2019 and up to 1 March 2019 an additional 2% of profit will be credited for each profitable trade as well as […]

Welcome Bonus $75

2019-01-21 10:10:50

Dear Traders! We are pleased to announce the launch of the “Welcome Bonus 75 USD” promotion! Starting from 21.01.2019 and until 01.02.2019 inclusive welcome bonus of 75 USD or equivalent in another currency is available to all clients of the company.