Instaforex

Monday, January 12, 2009

Technical analysis for Ianuary 12, 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, 30 min based on candlestick patterns )

EURUSD:
*Range 1.3520/40
For sells on condition of formation of topping signals the targets will be 1.3440/60, 1.3360/80, 1.3300/20 and/or further breakout variant up to 1.3240/60, 1.3160/80, 1.3080/1.3100.
An alternative for buyers will be above 1.3620 with targets 1.3660/80, 1.3720/40, 1.3780/1.3800.

GBPUSD:
*Range 1.4960/1.5000

For short-term buying positions on condition of formation of topping signals the targets will be 1.5060/80, 1.5120/40, 1.5200/40, 1.5300/40.
An alternative for sells will be below 1.4850 with targets 1.4790/1.4810, 1.4700/20, 1.4580/1.4600, 1.4480/1.4520.

USDJPY:
*Range 90.80/91.00

For short-term sells on condition of formation of topping signals the targets will be 90.20/40, 89.60/80 and/or further breakout variant up to 89.00/20, 88.40/60, 87.80/88.00.
An alternative for buyers will be above 91.60 with targets 92.00/20, 92.60/80, 93.20/40.

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