Daily Technical Analysis 20 April ,2015

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Daily Technical Analysis 20 April ,2015

Source: FxPro Forex Broker

EUR/USD Pivot Point

Pivot: 1.0735

Most Likely Scenario: Long positions above 1.0735 with targets @ 1.085 & 1.089 in extension.

Alternative scenario: Below 1.0735 look for further downside with 1.068 & 1.062 as targets.

Comment: The pair is pulling back on its support.

EUR/USD Chart

GBP/USD Pivot Point

Pivot: 1.488

Most Likely Scenario: Long positions above 1.488 with targets @ 1.505 & 1.51 in extension.

Alternative scenario: Below 1.488 look for further downside with 1.48 & 1.475 as targets.

Comment: The pair remains on the upside.

GBP/USD Chart

USD/JPY Analysis

USD/JPY Intraday: under pressure.

Pivot: 119.3

Most Likely Scenario: Short positions below 119.3 with targets @ 118.55 & 118.3 in extension.

Alternative scenario: Above 119.3 look for further upside with 119.5 & 119.75 as targets.

Comment: The pair stands below its resistance.

USD/JPY Chart

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