Instaforex

Wednesday, January 14, 2009

Technical analysis for Ianuary 14, 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 1.3260/80 supports
For short-term buying positions on condition of formation of topping signals the targets will be 1.3320/40, 1.3380/1.3400 and/or further breakout variant up to 1.3460/80, 1.3520/40, 1.3580/1.3600.
An alternative for sells will be below 1.3200 with targets 1.3140/60, 1.3080/1.3100.

GBPUSD:
*Range 1.4480/1.4520
For short-term buying positions on condition of formation of topping signals the targets will be 1.4580/1.4600, 1.4680/1.2720 and/or further breakout variant up to 1.4780/1.4800, 1.4860/80, 1.4900/20.
An alternative for sells will be below 1.4320 with targets 1.4240/60, 1.4100/40, 1.3980/1.4020.

USDJPY:
*Range 88.80/89.00

For short-term buying positions on condition of formation of topping signals the targets will be 89.40/60, 90.00/40 and/or further breakout variant up to 89.40/60, 90.00/40.
An alternative for sells will be below 88.40 with targets 87.80/88.00, 87.20/40, 86.80/87.00.

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