Daily Technical Analysis
|Date: 26.08.2016
Current level - 1.1290
The unsuccessful test of the 1.1360 resistance sets a bearish bias for the EUR/USD next move. We anticipate that the pair will head south to the 1.1230 support and 1.1050 next. First important resistance is the 1.1360-80 zone.
|
|
||||||||||||||||
Current level - 100.46
The negative bias for the USD/JPY is set to continue in the short-term. In case the 99.60-100 support zone proves difficult to overcome, the pair could be pushed back into the 100.50-102.70 trading range.
|
|
||||||||||||||||
GBP/USD
Current level - 1.3203
After the unsuccessful test of the 1.3160 support, the trend is positive for a test of 1.3370.
|
|
||||||||||||||||
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.