Instaforex

Wednesday, January 28, 2009

Technical analysis for Ianuary 28, 2009

* the possibility of pair return to supports or resistance, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval(1 hour based on candlestick patterns).

EURUSD:
*Range 1,3120/40 support

For short-term buying positions on condition of formation of topping signals the targets will be 1,3180/1,3200, 1,3260/80, 1,3320/40 and/or further breakout variant up to 1 1,3380/1,3400, 1,3460/80, 1,3580/1,3620.
An alternative for sells will be below 1,3000 with targets 1,2920/40, 1,2840/60, 1,2760/80.

GBPUSD:
*Range 1,4160/1,4200 support

For short-term buying positions on condition of formation of topping signals the targets will be ,4280/1,4300, 1,4350/70, 1,4400/20 and/or further breakout variant up to 1,4480/1,4500, 1,4560/80, 1,4700/40.
An alternative for sells will be below 1,4000 with targets 1,3920/40, 1,3860/80,1,3740/60.

USDJPY:
*Range 89,00/20

For short-term buying positions on condition of formation of topping signals the targets will be 91,00 with targhets 91,40/60, 92,00/20.
An alternative for sells with targets 89,00/20, 88,40/60, 87,80/88,00, breakout variant 87,20/40, 86,60/80, 86,00/20.

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