21Apr

Forex Market Trading Signals and News of 21th April 2014

Forex – EUR/USD down at the end of U.S. session

Forex – USD/JPY up at the end of U.S. session

Forex – GBP/USD down toward the end of U.S. session

EUR/USD

EUR/USD was trading at 1.3810, down 0.03% at time of writing.The pair was likely to find support at 1.3791, Tuesday’s low, and resistance at 1.3864, Thursday’s high.

USD/JPY

USD/JPY was trading at 102.42, up 0.001% at time of writing.

The pair was likely to find support at 101.42, Monday’s low, and resistance at 102.57, today’s high.

USD/CAD

USD/CAD was trading at 1.1023, up 0.12% at time of writing.

The pair was likely to find support at 1.0942, Monday’s low, and resistance at 1.1034, Wednesday’s high.

GBP/USD

GBP/USD was trading at 1.6785, down 0.05% at time of writing.

The pair was likely to find support at 1.6662, Tuesday’s low, and resistance at 1.6842, Thursday’s high.

RECOMMENDATION:

1. Buy GBP/USD Above 1.6825- TG: 1.6845/ 1.6875 SL 1.6785

2. Sell GBP/USD Below 1.6770- TG: 1.6750/ 1.6720 SL 1.6805

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