Asian markets closed on a higher note on the final trading session of the week despite the fact that the economic data – the BOJ CPI came short of expectation. The reading of 1.1% was below the forecast of 1.2% or the previous print of 1.3%
The EUR/USD pair fell from Our Identified resistance level on a 4 hour time frame. The resistance zone was given in our analysis on the 15th of February and the risk mentioned in the zone was 35 pips.
EUR/USD: The pair fell from OUR identified resistance zone (given on the 15th February) on a 4 hour time frame. The next support is near the 1.08832 level and the resistance is 1.1387.
USD/JPY: The pair is trading below the downward trend line on a 4 hour time frame. The near term support is at 109.60 and the resistance is at 115.83.
GBP/USD: The pair has broken below the 50 and 100 day moving average on a 4 hour time frame. The next resistance is at 1.4229 and the support is 1.3852.