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Technical analysis: EUR/USD, USD/CHF, GBP/USD, USD/JPY (20.10.2008)


CHF

The pre-planned buying positions from key supports were realized with attainment of minimal assumed target. OsMA trend indicator, having marked low activity level of both parties does not give definiteness in the choice of planning priorities for today. Hence considering the chosen strategy based on assumptions about the possible range rate movement we assume another channel support “2” test at 1.1290/1.1310, 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 1.1350/70, 1.1400/20 and/or further breakout variant up to 1.1460/80, 1.1520/40, 1.1580/1.1600. An alternative for sells will be below 1.1260 with targets 1.1200/20, 1.1140/60, 1.1080/1.1100.



GBP

The pre-planned positions for sell from key resistance range were realized with attainment of basic assumed targets. OsMA trend indicator, having marked relatively low activity level of both parties gives reasons for assumptions about the possible range rate movement within boundaries of Ichimoku cloud without definiteness in the choice of planning priorities for today. Hence considering the sign of pair overbought we assume the possibility of pair return to 1.7220/40, 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 1.3280/1.7300, 1.7360/80, 1.7420/40 and/or further breakout variant up to 1.7480/1.7500, 1.7560/80, 1.7620/40. An alternative for sells will be below 1.7100 with targets 1.7020/40, 1.6940/60, 1.6880/1.6900, 1.6820/40.



JPY

The pre-planned buying positions from key supports were realized with attainment of minimal assumed target. OsMA trend indicator, having marked the tendency of activity decrease of both parties does not provide definiteness in the choice of planning priorities for today. Hence considering the chosen strategy based on assumptions about range rate movement we assume the possibility of channel signal “2” attainment at 102.60/80, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 102.00/20, 101.40/60, 100.80/101.00 and/or further breakout variant below 100.40 with targets 99.80/100.00, 99.20/40. An alternative for sells will be above 103.60 with targets 104.00/20, 104.80/105.00, 105.40/60.



EUR

The assumed pair return to key supports was confirmed but short-term protective level breakout was not favorable for sustained realization of the pre-planned buying positions. At the moment with activity level of both parties decrease we presume the possibility of range rate movement without definiteness in the choice of planning priorities for today. Hence considering the ascending direction of indicator chart we assume the possibility of close resistance levels attainment limited by the bottom of Ichimoku cloud at 1.3500/20, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.3440/60, 1.3360/80 and/or further breakout variant below 1.3340 with targets 1.3280/1.3300, 1.3220/40. An alternative for buyers will be above 1.3560 with targets 1.3600/20, 1.3660/80, 1.3720/40, 1.3780/1.3800.


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