Technical analysis for March 16, 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 1,2840/60 support

For short-term buyers’ positions on condition of formation of topping signals the targets will be 1,2900/20, 1,2940/60, 1,3000/20 and/or further breakout variant up to 1,3060/80, 1,3120/40, 1,3180/1,3200.
An alternative for sells will be below 1,2770 with the targets 1,2710/30, 1,2640/60, 1,2560/80.

GBPUSD:
* Range 1,3980/1,4000

For short-term buyers’ positions on condition of formation of topping signals the targets will be 1,4040/60, 1,4120/40 and/or further breakout variant up to 1,4180/1,4200, 1,4240/60, 1,4380/1,4420.
An alternative for sells will be below 1.3860 with the targets1,3800/20, 1,3740/60, 1,3660/80.

USDJPY:
* Range 97,60/80 support

For short-term buyers’ positions on condition of formation of topping signals the targets will be 98,20/40, 98,80/99,00 and/or further breakout variant will be above 99,20 with the targets- 99,60/80, 100,20/40.
An alternative for sells will be below 97.00 with the targets 96,40/60, 95,80/96,00, 95,20/40.

Wave Analisys, daily

EURUSD

GBPUSD