Forex4you Technical Analysis 29/06/10
EUR/USD: Technical Analysis
The signal in the shape of the breach of the range of 1.2340-1.2290 together with the line of the upgrading trend (the red line) afforded ground for foreseeing the high probability of the beginning of another stage of the “bearish” trend. The price has breached the next very powerful support at 1.2240 and currently resides at 1.2230/20. The indicators’ values reflect the change in the climate to the downgrading trend. The sagging of the pair will obviously go ahead, and the first supports, which are going to be checked up in the near time, are to be 1.2200/1.2190 and further 1.2150/60/40 as well. The alternative variant will gain its probability in case of the comeback upward and also price fixation above 1.2240.
GBP/USD: Technical Analysis
As expected, the recently achieved heights were checked up. The price upturned to the formerly mentioned resistance range of 1.5120/40 and checked 1.5125/30. It’s currently decreasing and has already resided at 1.5040/30. The indicators are like to change their mood to “bearish”, and so, encourage the expectance of continuation of the downgrading move. However, there’s another significant and even kind of decisive obstacle on this way – it’s the supports at 1.5020-1.4990. If this obstacle is overcome it’ll be reasonable to take the long term “bearish” trend as completed. Also possible, the first attempt to overwhelm this support will fail and so, the trading will roll back upward, to 1.5050/60. Otherwise, if the breach occurs another support will be at 1.4920/00. Moreover, there’s a high probability of comeback to the advance until the breach of the above mentioned range of support.
USD/JPY: Technical Analysis
Thereupon some development of the consolidation above 89.30 this support was breached. The price went ahead dropping down and currently resides at 88.60. The formerly mentioned target at 88.20/30 will obviously be achieved in the near time. The breach of this support will mean a very essential potential of the ‘bearish” trend together with the probable price sagging till the new annual minimums – it may be 87.70 and 87.30/40.
The signal in the shape of the breach of the range of 1.2340-1.2290 together with the line of the upgrading trend (the red line) afforded ground for foreseeing the high probability of the beginning of another stage of the “bearish” trend. The price has breached the next very powerful support at 1.2240 and currently resides at 1.2230/20. The indicators’ values reflect the change in the climate to the downgrading trend. The sagging of the pair will obviously go ahead, and the first supports, which are going to be checked up in the near time, are to be 1.2200/1.2190 and further 1.2150/60/40 as well. The alternative variant will gain its probability in case of the comeback upward and also price fixation above 1.2240.
GBP/USD: Technical Analysis
As expected, the recently achieved heights were checked up. The price upturned to the formerly mentioned resistance range of 1.5120/40 and checked 1.5125/30. It’s currently decreasing and has already resided at 1.5040/30. The indicators are like to change their mood to “bearish”, and so, encourage the expectance of continuation of the downgrading move. However, there’s another significant and even kind of decisive obstacle on this way – it’s the supports at 1.5020-1.4990. If this obstacle is overcome it’ll be reasonable to take the long term “bearish” trend as completed. Also possible, the first attempt to overwhelm this support will fail and so, the trading will roll back upward, to 1.5050/60. Otherwise, if the breach occurs another support will be at 1.4920/00. Moreover, there’s a high probability of comeback to the advance until the breach of the above mentioned range of support.
USD/JPY: Technical Analysis
Thereupon some development of the consolidation above 89.30 this support was breached. The price went ahead dropping down and currently resides at 88.60. The formerly mentioned target at 88.20/30 will obviously be achieved in the near time. The breach of this support will mean a very essential potential of the ‘bearish” trend together with the probable price sagging till the new annual minimums – it may be 87.70 and 87.30/40.
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