Analyst from the company ForexMart

Analyst from the company ForexMart (ForeksMart)

GBP / USD. 12.04. Pound grows on strong statistical data

The pound was up at the end of trading on Tuesday. The Briton has shown growth on the back of strong fundamental data, data from the UK. The beginning of trade, the pair held in the outset, however, immediately after data showed strong growth, breaking the important level of 1.2436. Now the course is situated close to the level of 1.2520, above the simple moving averages. MACD is aimed at the output of pereprodannosti zone. RSI has not reached overbought levels and began to decline. Forecast for today involves the movement of the pair to 1.2605.

USD / JPY. 12.04. Investors flee to yen

Currency pair USD / JPY yesterday lost more than 1,000 points, breaking the lower resistance at 110.50 and dropping to 109.50. The US dollar fell after the government bonds, the Japanese yen, on the contrary, has increased due to the status of the traditional safe-haven currencies against the background of heightened geopolitical tensions. Pair resumed movement in a downward trend with the target area 109.00-108.50, wherein the region is 61.8 Fibonacci and SMA (200). However, prior to reaching the target a couple can go to the correction, current support is at 110.00.

USD / CHF. 12.04. Consolidation near the SMA (100)

Currency pair USD / CHF is consolidating near the SMA line (100) on the daily chart. Yesterday the pair almost reached the target at 1.0050, but the bears do not have the strength to overcome this resistance. The US dollar was subjected to strong pressure, but investors chose to take refuge in the Japanese yen. In the near future is still expected to decline to 1.0030, as the pair tends to occupy a middle ground in the face of uncertainty.