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Hot forecast and trading signals for EUR/USD, GBP/USD and USD/JPY for April 13

EUR/USD H1.

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On the hourly chart of the euro/dollar pair, the resistance line (red) with three rebounds from it, as well as an upward channel, which indicates an upward trend of intraday can be seen. Thus, several trading signals are possible at once today.

1) A rebound from the lower line of channel C will allow you to trade for an increase to the Senkou Span B line – 1.0974 on the 4-hour chart.

2) Consolidating quotes above the Senkou Span B line (1.0974) will allow you to open buy positions with the goal of the upper line of the ascending channel (approximately in the area of the level of 1.1040).

3) Consolidating quotes below the ascending channel will allow you to open short positions with the goal of the Kijun-sen line – 1.0868 on the 4-hour chart.

GBP / USD H1.

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On the hourly chart of the pound sterling, we have an upward trend line (yellow), which the pair managed to break through today during the Asian trading session. We also have a strong resistance area (1.2471 - 1.2485), from which the pair has already rebounded for five times. Thus, today, traders have the following trading options:

1) Confidently breaking through the resistance area of 1.2471 - 1.2485 will allow you to open pound sterling purchases with the goal of resistance level – 1.2567 on the 4-hour chart.

2) Another rebound from the area of 1.2471 - 1.2485 will allow you to trade lower with the goal of the Kijun-sen line – 1.2328 on the 4-hour chart.

USD / JPY H1.

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For the dollar/yen currency pair, we have the following intraday options for April 13. A strong downward trend indicates a continued downward trend. Now, breaking through the small trend line (yellow) provoked the continuation of the downward movement. The signal was formed tonight but it is not too late to develop it. There are almost no obstacles on the way to the level of 1.0700. Thus, today, we have such options for trade transactions:

1) Selling the US currency with the goal of the support area 107.03 - 107.12 can be considered, since the pair has already consolidated below the area of 108.22 - 108.31 and the trend line.

2) Buying a pair with the goal of the Senkou Span B line – 109.30 on the 4-hour chart can be considered, if there is a sharp upward reversal and consolidation above a strong downward trend line.

There are no important macroeconomic events planned so far.

The fundamental background can be studied in this article.

The material has been provided by InstaForex Company - www.instaforex.com