Technical analysis for March 02, 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 1,2620/40

For short-term sells on condition of formation of topping signals the targets will be 1,2540/60, 1,2460/80 and/or further breakout variant up to 1,2400/20, 1,2340/60, 1,2220/40.
An alternative for buyers will be above 1.2820 with targets 1,2860/80, 1,2920/40, 1,3000/40.

GBPUSD:
* Range 1,4280/1,4320

For sells on condition of formation of topping signals the targets will be 1,4220/40, 1,4160/80 and/or further breakout variant up to 1,4100/20, 1,4040/60.
An alternative for buyers will be above 1.4440 with targets 1,4460/80, 1,4540/60, 1,4600/40.

USDJPY:
* Range 97,80/98,00 resistance

For sells positions on condition of formation of topping signals the targets will be 97,20/40, 96,60/80 and/or further breakout variant up to 96,00/20, 95,60/80.
An alternative for buyers will be above 98.20 with targets 97,20/40, 96,60/80 .

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Wave Analisys, daily

• EURUSD


• GBPUSD