Technical analysis for March 18, 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 1,2980/1,3000 support

For short-term buyers’ positions on condition of formation of topping signals the targets will be 1,3040/60, 1,3100/20 and/or further breakout variant up to 1,3160/80, 1,3240/60, 1,3300/20.
An alternative for sells will be below 1,2950 with the targets 1,2890/1,2910, 1,2820/40, 1,2760/80.

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 1.3900 with the targets 1,3840/60, 1,3760/80, 1,3660/1,3700.

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 100100,60/80, 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.