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25.01.2016 - Technical view

Currencies trading and euro. The price of EUR/USD after breaking and fixing the price below the inclined support line, quotations continued to decline and have reached the level of 1.0800. In case of the continuation of the negative dynamics, the nearest target levels will be 1.0700 and 1.0550. Within the correction, quotations may grow to 1,0850-1,0900. We expect a continuation of negative price movements and maintain the medium-term negative outlook.

Nearest resistance levels: 1.0900, 1,0985, 1.1050, 1.1080, 1.1200, 1.1350, 1.1450

Nearest support levels: 1.0800, 1.0700, 1.0550, 1.0500, 1.0450, 1.0200

Currencies trading and British pound. The price of GBP/USD after the rebound from the level of 1.4100, started to correct upwards and broke through the upper limit of the local downward channel. As a result, the price has reached resistance at 1.4310, but failed to overcome it and started to correct upwards. Our medium-term outlook remains negative, and the increase in prices in the coming months will be possible only in the case of a correction.

Nearest resistance levels: 1.4310, 1.4400, 1.4500, 1.4600, 1.4700, 1.4800, 1.5000, 1.5200, 1.5250

Nearest support levels: 1.4000, 1,3860, 1,3600

Currencies trading and Japanese yen. The price of USD/JPY shows steady growth during which has broken the resistance level at 118.40. Fixation above this mark, it is a confirmation of the signal for opening long positions with the target levels at 120.20, 121.50 and 122.30. We expect the current growth to continue in the near future and the fall is limited by the levels of 118.00 and 117.00. Our medium-term outlook remains positive.

Nearest resistance levels: 119.00, 120.20, 120.60, 121.50, 122.30, 123.60

Nearest support levels: 118.40, 117.00, 116.70, 116.00, 115.00

Currencies trading and Australian dollar. The price of AUD/USD broke through the upper limit of the downward channel and reached the level of 0.7000, around which continues to consolidate at the moment. The closest target levels in case of continuation of growth will be 0.7100 and 0.7200. Today we can see the correction of price. We also maintain our medium-term negative outlook with the potential for reducing to 0.6800 and 0.6600.

Nearest resistance levels: 0.7050, 0.7150, 0.7200, 0.7300, 0.7400, 0.7500

Nearest support levels: 0.7000, 0.6950, 0.6800, 0.6750, 0.6600

Currencies trading and New Zealand dollar. The price of NZD/USD has continued to fall after a confident upward correction. Further growth of quotations within the correction is possible to 0.6600. Nearest targets within price decrease will be 0.6400 and 0.6250. We maintain a medium-term negative view on the price of the New Zealand dollar.

Nearest resistance levels: 0.6600, 0.6700, 0.6800, 0.6900, 0.7000

Nearest support levels: 0.6500, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200, 0.6000

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RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.
The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here