Do Not Forget to Read Our Technical Analysis!

FEUA

Master Trader
May 12, 2009
36
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forexltd.co.uk
The week is coming to its end!! You still have possibility to earn money before the week-end comes. Here we represent you our analysis that will help you to understand all the sitation on Forex Market:
GBP/USD
The pre-planned break-out variant for sales has been implemented with overlap of minimal estimated target. OsMA trend indicator, having marked preservation of relatively low both parties activity, as it was before does not clarify the choice of planning priorities for today. Therefore, considering suppositions about the preservation of current rate movement tendency, we can assume probability of rate return to close 1,6240/60 resistance levels where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for short-term sales on condition of the formation of topping signals the targets will be 1,6180/1,6200, 1,6140/60 and (or) further break-out variant up to 1,6080/1,6100, 1,6020/40, 1,5980/1,6000. The alternative for buyers will be above 1,6360 with the targets of 1,6400/20, 1,6460/80, 1,6520/40.
USD/JPY
The estimated test of key supports has been confirmed but relatively high bearish activity level, marked by OsMA trend indicator is not the positive signal for the implementation of pre-planned buying positions. Therefore, at the moment, without clarifying the choice of planning priorities, nevertheless, we can assume probability of rate movement within trend line «1» and «2» borders. After their achievement it is recommended to plan trade operations within the channel. The alternative break-out variant for buyers will be above 94,60 with the targets of 95,00/20, 95,40/60. As for sales the break-out variant will be below 93,00 with the targets of 92,40/60, 91,80/92,00.

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