Instaforex

Tuesday, January 27, 2009

Technical analysis for Ianuary 27, 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 1,3100/20

For short-term buying positions on condition of formation of topping signals the targets will be 1,3160/80, 1,3280/1,3320, 1,3360/1,3400 and/or further breakout variant up to 1,3460/80, 1,3580/1,3620, 1,3840/1,3900.
An alternative for sells will be below 1,3000 with targets 1,2920/40, 1,2840/60, 1,2760/80.

GBPUSD:
*Range 1,3900/40 support

For short-term buying positions on condition of formation of topping signals the targets will be 1,4000/20, 1,4140/60, 1,4240/60 and/or further breakout variant up to 1,4300/20, 1,4400/40, 174540/60.
An alternative for sells will be below 1,3780 with targets 1,3700/20, 1,3580/1,3620, 1,3480/1,3520.

USDJPY:
*Range 89,00/20

For short-term buying positions on condition of formation of topping signals the targets will be 89,60/80, 90,20/40, 90,80/91,00 and/or further breakout variant with targets 91,40/60, 92,00/20, 92,80/93,20.
An alternative for sells will be below 88,60 with targets 88,00/20, 87,40/60, 87,00/20.

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