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Analytics 16.08

EUR / USD pair controlled by bears


The pair EUR / USD yesterday after rising to the level of $ 1.1155, soon fell sharply to $ 1.1090, having lost all its positions and closed the day, about $ 1.1105. Today, in early trading, the pair rose to $ 1.1110, however, at the time of writing, it has rapidly declined and is trading at around $ 1.1100. EUR / USD is below the MA (200) H1 moving average line, and below the MA (200) H4 line, under the complete control of the bears. In this situation, it is worthwhile to continue to adhere to the southern direction in trade, and look for entry points for sale on the formation of correction.
Resistances are at the level of: $ 1.1155, $ 1.1185, $ 1.1250
Support levels are located at: $ 1.1170-90, $ 1.1025, $ 1.0975
The main scenario for the pair to move is to break through the $ 1.1170-90 area (lows of August 2 and 15) and then drop to $ 1.1025 (August 1 low)

 
USD / JPY globally controlled by bears


The pair USD / JPY yesterday traded in the range (Y105.70-106.75) and closed the day, near Y106.10. Today the pair is trading with growth; at the time of writing, it reached Y106.20. USD / JPY rose above the MA (200) H1 moving average line, however, on the four-hour chart, it is still trading below the MA (200) H4 line, globally remaining under the control of bears. In this situation, it is worthwhile to continue to adhere to the southern direction in trade, and look for entry points for sale on the formation of correction.
Resistances are at the levels: Y106.75-107.00, Y107.55, Y109.30
Support levels are located at: Y105.70-95, Y105.05, Y104.65
The main scenario for the pair to move forward is to break through the Y105.70-95 area (August 15 minimum and MA (200) H1) and then decrease to Y105.05 (August 12-13 minimum)