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Analytics 24.04

EUR / USD

 
This week's focus is on PMI indices. The currency pair is currently trading below all moving averages (MA200, MA50, MA20 on H1). The growth of the EUR / USD currency pair is limited to the MA20 moving average on H1 in the area of ​​1.2220.
The pair is prone to decline, since April 19, consistently reaching lower highs and lower lows. The index of relative strength (RSI) is limited by the downward trend line from April 18.
Until the resistance level of 1.2245 is broken, it is likely that the pair will fall to 1.2180 and 1.2150.
With growth above 1.2245, the pair will target 1.2285 and 1.2310.
The main support and resistance lines for today's pair: resistance: 1.2245; 1.2285; 1.2310
support: 1.2180; 1.2150; 1.2130

 

 

GBP / USD

 
The focus this week on GDP data in the UK. The currency pair GBP / USD is trading very restrained and is below all moving averages. The growth of the pair is organic MA20 on H1 in the region of 1.3950.
The pair is prone to decline, its growth potential is limited by downward moving averages for 20 and 50 periods. The pair consistently reached lower maxima and lower lows. In addition, the relative strength index (RSI) is below its neutral level of 50.
Until the resistance level of 1.3990 is broken, we should wait for the pair to fall to 1.3905 and 1.3875.
With growth above 1.3990, the pair is targeting 1.4030 and 1.4085.
Do not forget to put S \ L. And do not forget that the GBP / USD currency pair is uptrend.
The main support and resistance lines for today's pair: resistance: 1.3950; 1.3990; 1.4030.
support: 1.3930; 1.3905; 1.3875.

 

USD / JPY

 
USD / JPY is trading above all moving averages of MA200 on H1. Bulls at the helm.
The pair is prone to growth, breaking through the upper boundary of the rising channel. Upward moving averages for 20 and 50 periods play the role of support levels. The relative strength index (RSI) demonstrates an upward momentum.
While the support level of 108.25 is not broken, we should expect the pair to grow to 109.00 and 109.40.
When falling below 108.25, the pair will target 107.90 and 107.50.
Do not forget that globally for today, the trend for the pair is still descending. So be careful with shopping. Do not forget to minimize your risks (S / L).
The main support and resistance lines for the pair today:
Resistance: 108.80; 109.00; 109.40
support: 108.25; 107.90; 107.50