Technical analysis for February 20, 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 1,2620/40 resistance

For short-term sells on condition of formation of topping signals the targets will be 1,2560/80, 1,2480/1,2500 and/or further breakout variant up to 1,2420/40, 1,2340/60, 1,2280/1,2300.
An alternative for buyers will be below 1.2680 with targets 1,2720/40, 1,2780/1,2800, 1,2860/80.

GBPUSD:
* Range 1,4290/1,4310

For short-term sells on condition of formation of topping signals the targets will be 1,4210/30, 1,4140/60, 1,4080/1,4100 and/or further breakout variant up to 1,4000/20, 1,3880/1,3920, 1,3660/1,3700.
An alternative for buyers will be below 1.4380 with targets 1,4420/40, 1,4500/40, 1,4660/1,4700.

USDJPY:
* Range 93,80/94,00 support

For short-term buyers on condition of formation of topping signals the targets will be 94,40/60 and/or further breakout variant up to 95,00/20, 95,60/80.
An alternative for sells will be below 93,20 с целями 92,60/80, 91,80/92,00, 91,00/20.