Technical analysis for February 09, 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 1,2830/50 support

For short-term buying positions on condition of formation of topping signals the targets will be 1.2890/1.2910, 1.2930/50 and/or further breakout variant up to 1.2990/1.3010, 1.3040/60.
An alternative for sells will be below 1.2790 with targets 1.2730/50, 1.2690/1.2710.

GBPUSD:
* Range 1,4640/60 support

For short-term buying positions on condition of formation of topping signals the targets will be 1,4700/20, 1,4780/1,4800, 1,4880/1,4920 and/or further breakout variant up to 1,4980/1,5000, 1,5080/1,5120, 1,5300/40.
An alternative for sells will be below 1,4550 с целями 1,4480/1,4500, 1,4400/20, 1,4340/60.

USDJPY:
* Range 90,60/80 support

For short-term buying positions on condition of formation of topping signals the targets will be 91.20/40, 91.80/92.00, 92.40/60 and/or further breakout variant up to 93.00/20, 93.60/80, 94.00/20.
An alternative for sells will be below 90.20 with targets 89.60/80, 89.00/20, 88.40/60.