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Technical analysis: EUR/USD, USD/CHF, GBP/USD, USD/JPY (08.10.2008)

CHF

The earlier opened positions for sell resulted in attainment of minimal assumed targets. OsMA trend indicator, having marked relatively low activity level of both parties do not give definiteness in the choice of planning priorities for today but considering the chosen strategy and preservation of certain short-term bearish activity advantage we assume the possibility of attainment the upper boundary of Ichimoku cloud at 1.1300/20, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buying positions on condition of formation of topping signals the targets will be 1,1360/80, 1,1420/40 and/or further breakout variant up to 1.1480/1.1500, 1.1540/60, 1.1600/20. An alternative for sells will be below 1.1260 with targets 1.1200/20, 1.1140/60, 1.1100/20.



GBP

The pre-planned positions for sell from key resistance range were realized with attainment of basic assumed targets. OsMA trend indicator, having marked the general activity parity of both parties gives reasons for assumptions of further range rate movement without definiteness in the choice of planning priorities for today. Hence we assume the possibility of pair return to 1.7380/1.7400 supports, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buying positions on condition of formation of topping signals the targets will be 1.7460/80, 1.7550/70, 1.7640/60 and/or further breakout variant above 1.7700 with targets 1.7760/80, 1.7820/40. An alternative for sells will be below 1.7300 with targets 1.7240/60, 1.7160/80, 1.7080/1.7100.



JPY

The pre-planned breakout variant for sells was realized with attainment of assumed targets. OsMA trend indicator, having marked the current bearish activity rise gives reasons for supporting bearish planning priorities but with ill-founded assumptions on possible short-term rate return to 100.00/20 range, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For sells on condition of formation of topping signals the targets will be 99.20/40, 99.60/80, 99.00/20 and/or further breakout variant up to 98.40/60, 97.60/80, 96.80/97.00, 96.00/20. An alternative for buyers will be above 101.60 with targets 102.00/20, 102.40/60.



EUR

The pre-planned breakout variant for buyers was realized with attainment of assumed targets. OsMA trend indicator, having marked relatively high bearish counteraction level continues supporting the version of rate correction incompleteness but with preservation of bearish priorities outside the boundaries of intraday planning. Hence, as before we assume the possibility of pair return to 1.3480/1.3500 supports, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buying positions on condition of formation of topping signals the targets will be 1.3540/60, 1.3600/20, 1.3660/80 and/or further breakout variant up to 1.3720/40, 1.3780/1.3800. An alternative for sells will be below 1.3400 with targets 1.3340/60, 1.3260/80, 1.320/20.


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