Technical analysis for March 04, 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 1,2520/40

For short-term sells on condition of formation of topping signals the targets will be 1,2440/60, 1,2380/1,2400 and/or further breakout variant up to 1,2320/40, 1,2260/80.
An alternative for buyers will be above 1.2600 with targets 1,2640/60, 1,2700/20, 1,2760/80.

GBPUSD:
* Range 1,4060/80

For short-term sells on condition of formation of topping signals the targets will be 1,3980/1,4000, 1,3900/20 and/or further breakout variant up to 1,3820/40, 1,3680/1,3720, 1,3500/40.
An alternative for buyers will be above 1.4180 with targets 1,4240/60, 1,4300/20, 1,4380/1,4400.

USDJPY:
* Range 97,80/98,00 support

For sells on condition of formation of topping signals the targets will be below 97.40 with targets 96,80/97,00, 96,20/40, 95,60/80.
An alternative for buyers targets 98,40/60, 99,00/20 and/or further breakout variant up to 99,60/80, 100,20/40, 100,80/101,00 .

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