Technical analysis for March 17, 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 1,2920/40 support

For short-term buyers’ positions on condition of formation of topping signals the targets will be 1,2980/1,3000, 1,3060/80, 1,3100/20 and/or further breakout variant up to1,3160/80, 1,3240/60, 1,3300/20.
An alternative for sells will be below 1,2880 with the targets 1,2820/40, 1,2760/80, 1,2700/20.

GBPUSD:
* Range 1,4000/20 support

For short-term buyers’ positions on condition of formation of topping signals the targets will be 1,4060/80, 1,4140/60, 1,4220/40 and/or further breakout variant up to1,4280/1,4300, 1,4360/80, 1,4420/60.
An alternative for sells will be below 1.3960 with the targets 1,3900/20, 1,3840/60, 1,3780/1,3800.

USDJPY:
* Range 98,20/40 support

For short-term buyers’ positions on condition of formation of topping signals the targets will be 98,80/99,00, 99,40/60, 100,00/20 and/or further breakout variant up to 100,60/80, 101,20/40, 101,80/102,00.
An alternative for sells will be below 97.80 with the targets 97,20/40, 96,60/80, 96,00/20.

Wave Analisys, daily

EURUSD

GBPUSD