Technical analysis for March 12, 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 1,2700/20 support

For short-term buying positions on condition of formation of topping signals the targets will be 1,2760/80, 1,2820/40, 1,2880/1,2900 and/or further breakout variant up to 1,2940/60, 1,3000/20, 1,3080/1,3100.
An alternative for sells will be below 1.2640 with targets 1,2580/1,2600, 1,2520/40, 1,2460/80.

GBPUSD:
* Range

For short-term sells on condition of formation of topping signals the targets will be 1,3720/40, 1,3660/80 and/or further breakout variant up to 1,3600/20, 1,3520/40, 1,3460/80.
For sells the targets will be 1,3760/80, 1,3660/80 and/or further breakout variant up to 1,3600/20, 1,3520/40, 1,3460/80.

USDJPY:
* Range 96,60/80

For buyers will be above 97.20 with targets 97,60/80, 98,20/40.
For sells the targets will be 96,00/20, 95,40/60 and/or further breakout variant up to 94,80/95,00, 94,20/40, 93,60/80 .

---

Wave Analisys, daily

• EURUSD


• GBPUSD