Technical analysis for March 20, 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 1,3560/80 support

For short-term buyers’ positions on condition of formation of topping signals the targets will be 1,3620/40, 1,3680/1,3700, 1,3720/40 and/or further breakout variant up to 11,3780/1,3800, 1,3860/80, 1,3920/40.
An alternative for sells will be below 1,3400 with the targets 1,3340/60, 1,3260/80, 1,3240/60.

GBPUSD:
* Range 1,4360/80 support

For short-term buyers’ positions on condition of formation of topping signals the targets will be 1,4460/80, 1,4660/80, 1,4620/40 and/or further breakout variant up 1,4680/1,4700, 1,4780/1,4820, 1,4960/1,5000.
An alternative for sells will be below 1.4260 with the targets 1,4200/20, 1,4140/60, 1,4060/80.

USDJPY:
* Range 95,00/20 resistance

For short-term sells on condition of formation of topping signals the targets will be 94,40/60, 93,80/94,00, 93,20/40 and/or further breakout variant up to 92,60/80, 92,00/20, 91,20/40.
An alternative for buyers will be above 96.00 with targets 96,40/60, 97,00/20.