EURUSD remains positive, GBPUSD is on the way to 1.5290 in Forex

April 28, 2015

EURUSD Euro/dollar remains positive

Euro/dollar with the beginning of the new trading week, keeps a positive attitude, finding support at 1.0819 and testing the resistance at 1.0926. Pair continue buy out on dips, which allows to assume the testing in the area of 1.1000-1.1052. Loss of support 1.0819/00 can signal on the resumption of the downtrend.

 

GBPUSD Pound/dollar is on the way to 1.5290

Attempt of bears to return the control over pound/dollar has come to grief at the 51-st figure where pair have redeemed, and, having brokethrough resistance in area of 52-nd figure, has risen up to a level of 1.5261. Thus, in short-term prospect testing possible the resistance in the area 1.5290-1.5300, marked by us as the nearest target of bulls. Loss of 52-nd figure will lead to decrease in a direction of 51-st, the breakthrough of which, will cast into a doubt the ability of the pound to continue the correction. Today will be published data on the GDP of the UK, which can either contribute to the growth of the pair to the 53rd figure, or exert pressure on it.

 

USDCHF Dollar/franc is consolidating in the range

Yesterday’s attempt to recover of the dollar/franc was unsuccessful. The growth to 0.9582 the pair was sold out and she went back to support in the area of 95 figure , which continues to contain the onslaught from the bears. At this stage, the pair is consolidating in the above range, its breakthrougwill show the direction of further movement.


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USDJPY Risks of falling dollar/yen are remained

Having started the new week with a positive attitude, the US dollar slightly increased against the Japanese yen, testing resistance at 119.43. However, to continue to grow, he could not, and again has come under pressure, by declining to support in the area of 118.85. Thus, the downside risks in the direction of the 116th figures remain high, although, the bears still need to breakthrough the support at 118.52 / 32.

provided by IAFT

 

 

 

 

 

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